Investment Property for Sale at 12 & 14 Blanchard Avenue in Binghamton, New York for $339,000

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12 & 14 Blanchard Avenue | BINGHAMTON

$339,000 | 12 Beds (5 Full) | 1,774 Sq. Ft.

Exceptional investment opportunity featuring two multifamily buildings located side by side, making five fully occupied units. This includes two properties on two separate parcels. Giving the ability to finance separately for under 1-4 unit loans. All tenants are reliable, long-term tenants of six-plus years. Both buildings have brand-new metal roofs with a 50-year transferable warranty. Each building has a detached two-car garage that can be rented for additional income. This package has strong cash-on-cash performance, excellent ROI, and low maintenance costs. Current annual rents are $48,000, and expenses are $12,150, making this package an excellent addition to your portfolio! GBAR MLS #337413

Directions to property: Chenango Street to Blanchard

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: 
Melissa Coolbaugh
Listing Agent Phone: 
607-759-8022
Listing Agent Email: 
Melissa [dot] coolbaugh [at] warrenhomes [dot] com (send a message)
Listing Office Name: 
WARREN REAL ESTATE (Vestal)
Listing Office Phone: 
607-217-5673