288 Robinson Street

Highlights:

• Five-unit multifamily investment
• Proven value-add through rent growth
• Multiple income streams
• Limited near-term capital expenditures
• Efficient utility configuration
• Established East Side location
• Stable long-term investment opportunity

Description:

288 Robinson Street presents the opportunity to acquire a well-maintained five-unit multifamily investment with measurable in-place rental upside and multiple ancillary income streams. Current apartment rents average approximately $740 per month compared to market rents averaging more than $1,060, providing investors with a clear opportunity to increase revenue over time. Additional income is generated through four detached garages, two of which are currently leased, along with a coin-operated laundry facility that further diversifies cash flow.

The property has benefited from numerous capital improvements, including updated roofing, blown-in insulation, replacement windows, and a well-maintained combi boiler, reducing near-term capital expenditure needs. Separate utility metering helps support efficient operations, while the corner lot location on Binghamton's established East Side positions the property for continued tenant demand and long-term value creation.

288 Robinson Street is located in Binghamton's established East Side neighborhood, an area supported by consistent rental demand, convenient access to employment centers, and a strong base of everyday amenities. Just minutes from Downtown Binghamton, healthcare providers, shopping, dining, and major transportation corridors, the property is well positioned to attract and retain tenants. Combined with measurable rent growth potential and a well-maintained asset, the location strengthens the property's appeal as a long-term multifamily investment.

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