288 Robinson Street
- Five-unit multifamily investment
- Proven value-add through rent growth
- Multiple income streams
- Limited near-term capital expenditures
- Efficient utility configuration
- Established East Side location
- Stable long-term investment opportunity
Property Description
288 Robinson Street presents the opportunity to acquire a well-maintained five-unit multifamily investment with measurable in-place rental upside and multiple ancillary income streams. Current apartment rents average approximately $740 per month compared to market rents averaging more than $1,060, providing investors with a clear opportunity to increase revenue over time. Additional income is generated through four detached garages, two of which are currently leased, along with a coin-operated laundry facility that further diversifies cash flow. The property has benefited from numerous capital improvements, including updated roofing, blown-in insulation, replacement windows, and a well-maintained combi boiler, reducing near-term capital expenditure needs. Separate utility metering helps support efficient operations, while the corner lot location on Binghamton's established East Side positions the property for continued tenant demand and long-term value creation.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $300,000 |
| No. of Units: | 5 |
| Lot Size: | 0.15 Acres |
| Opportunity Zone: | No |
| Price per unit: | $60,000 |
| Property Website | Click Here |
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