Investment Property for Sale at 12 & 14 Blanchard Avenue in Binghamton, New York for $334,000

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12 & 14 Blanchard Avenue | BINGHAMTON

$334,000 | 12 Beds (5 Full) | 3,926 Sq. Ft.

Exceptional 5 unit investment opportunity featuring brand-new metal roofing with a 50-year transferable warranty, each building has a detached two-car garage that can be rented for additional income, all 5 units have had the same tenants for over 6 years each and 12 Blanchard has the potential to add an additional 6th unit. Pictures of the large unfinished attic with rear entrance are in listing. This package currently has strong cash-on-cash performance, excellent ROI, and low maintenance costs. Current annual rents are $48,000, expenses are $12,150, making this package an excellent addition to your portfolio! Two multifamily buildings side by side could be mortgaged as commercial or as two separate 1-4 family loans. All tenants are reliable, long-term tenants that would like to stay. Rents could be raised to meet current market rates for additional income. 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