

288 Robinson Street
Multifamily | Value Add | 5 Units
Marketing description
Investor opportunity on Binghamton's East Side. This well-maintained 5-unit property features four apartments in the main building plus an attached single-family-style unit, offering a unique and attractive layout for tenants. Situated on a corner lot, the property includes 4 garages with 2 currently generating additional rental income. The property also features a coin-operated laundry area in the basement, providing added convenience for tenants and an additional income stream for ownership.
Major capital improvements have already been completed, including a metal roof (approx. 16 years old) and a shingle roof section on the main building (approx. 8 years old), as well as the garage roof (approx. 8 years old). Additional updates include new blown-in insulation, many newer windows, and a well-maintained combi boiler serving the main building. The property features separate electric meters for the main structure, along with separate electric and gas meters for the attached single-family-style unit.
Pride of ownership is evident throughout this property. A strong addition to any investment portfolio, offering stable income, additional garage revenue, laundry income, and long-term upside in a desirable East Side Binghamton location.
Investment highlights
- 5-unit property consisting of 4 apartments plus an attached single-family-style unit
- Value-add opportunity with upside through rent increases and operational improvements
- Corner lot location on Binghamton's desirable East Side
- 4 garages with 2 currently rented for additional income
- Coin-operated laundry in the basement provides extra revenue potential
- Major updates include metal roof, shingle roof section, garage roof, blown-in insulation, and many newer windows
- Separate electric meters for the main building and separate electric/gas meters for the attached unit, helping reduce owner expenses
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