Investment Property for Sale at 28 Lydia Street in Binghamton, New York for $249,000

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28 Lydia Street | BINGHAMTON

$249,000 | 6 Beds (4 Full) | 2,500 Sq. Ft.

4-UNIT MONEY MAKER INVESTMENT OPPORTUNITY with strong turn key 17% cap rate! Featuring two 2BR & two 1BR units. 2BR rented for $1200/m, 1BR rented for $1100/m, 2BR currently rented at $1,100/month (below market), one BR being rented soon @$1100/m. All units include utilities, highly desirable for tenants & supports strong occupancy. Interiors updated with new flooring, cabinets, & appliance suites including SS refrigerators, microwaves & gas ranges. Major capital improvements include new roof & hot water heaters, newer furnace, updated plumbing, electrical, & replacement windows. Clean, efficient layouts w/ modern finishes throughout. Off-street parking with additional rear space offering potential to expand parking. Washer & dryer on site with added income potential through coin-op conversion. Turnkey asset with immediate cash flow and strong upside. Cap rate approx. 17%. Excellent opportunity for investor seeking high return property. LOW TAXES GBAR MLS #336290

Directions to property: Oak St To Lydia.

Contact Information

To inquire about this property, please contact your REALTOR® directly if you are already working with one, or use the contact information provided below to contact the listing agent or brokerage directly. GBAR staff is unable to provide real estate listing information. Please contact one of our REALTOR® members if you need more information about this or any other listing.
Listing Agent Name: 
Michele L DePrato
Listing Agent Phone: 
607-201-8904
Listing Agent Email: 
Michele [dot] 4HG [at] outlook [dot] com (send a message)
Listing Office Name: 
4HG Real Estate
Listing Office Phone: 
607-201-8904