218 Riverside Drive | BINGHAMTON
Not your typical duplex, both units have seen extensive improvements throughout. This West Side multi-family property offers two spacious 3-bedroom, 1-bath units with approximately 1,750 SF per side. The expensive work has been done for you. Recent updates include high-end remodeled kitchens and baths where you'd want to live yourself, refinished hardwood floors, and improvements throughout to help achieve top-of-market rents. Separate utilities, shared laundry and storage space, and a 3-bay garage. One unit is currently vacant, with the second unit lease ending in July, creating a unique opportunity for investors or owner-occupants. Combined with the recent improvements, separate utilities, and desirable West Side location, the property is projected to achieve a cap rate exceeding 9%,. Opportunity to serve either long-term tenants or the furnished rental market. Conveniently located near downtown Binghamton, hospitals, and university. GBAR MLS #336204
Directions to property: Take Riverside close to the corner of Helen and Riverside.
