Fully renovated four-unit in Binghamton’s desirable First Ward, just minutes from Downtown, Binghamton University, and major highways. Ideal for house hacking or investors, this property features a complete interior renovation, new roof (2024), newer furnace (2019), two hot water heaters, updated plumbing and electrical, vinyl replacement windows, and new appliances. All units are vacant and ready for leasing with assistance available. Pro forma shows $48,000 GOI, $28,975 NOI, 12% cap rate, 2.28 DSCR, 28% Year-1 cash-on-cash return, and 4.7 GRM. Utilities can be allocated via RUBS with potential for added laundry income. Close to Antique Row, restaurants, parks, and shopping, this is a low-maintenance, high-yield opportunity in a strong rental market.
For sale
Price increase: $31.6K (11/24)
$229,000
28 Lydia St, Binghamton, NY 13905
6beds
4baths
2,464sqft
Quadruplex, Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$93/sqft
$-- HOA
What's special
New roofVinyl replacement windowsFull interior renoNew appliances
- 47 days |
- 316 |
- 12 |
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