288 Robinson Street

Highlights:

• 5-unit property consisting of 4 apartments plus an attached single-family-style unit
• Value-add opportunity with upside through rent increases and operational improvements
• Corner lot location on Binghamton's desirable East Side
• 4 garages with 2 currently rented for additional income
• Coin-operated laundry in the basement provides extra revenue potential
• Major updates include metal roof, shingle roof section, garage roof, blown-in insulation, and many newer windows
• Separate electric meters for the main building and separate electric/gas meters for the attached unit, helping reduce owner expenses

Description:

Investor opportunity on Binghamton's East Side. This well-maintained 5-unit property features four apartments in the main building plus an attached single-family-style unit, offering a unique and attractive layout for tenants. Situated on a corner lot, the property includes 4 garages with 2 currently generating additional rental income. The property also features a coin-operated laundry area in the basement, providing added convenience for tenants and an additional income stream for ownership.

Major capital improvements have already been completed, including a metal roof (approx. 16 years old) and a shingle roof section on the main building (approx. 8 years old), as well as the garage roof (approx. 8 years old). Additional updates include new blown-in insulation, many newer windows, and a well-maintained combi boiler serving the main building. The property features separate electric meters for the main structure, along with separate electric and gas meters for the attached single-family-style unit.

Pride of ownership is evident throughout this property. A strong addition to any investment portfolio, offering stable income, additional garage revenue, laundry income, and long-term upside in a desirable East Side Binghamton location.

Located on Binghamton's desirable East Side, 288 Robinson Street offers convenient access to downtown Binghamton, major employers, shopping, dining, and public transportation. The property sits on a prominent corner lot in a well-established residential neighborhood known for its strong rental demand and proximity to everyday amenities. Just minutes from major roadways, schools, parks, and healthcare facilities, this location provides tenants with both convenience and accessibility while offering investors a proven rental market in one of Binghamton's most established neighborhoods.

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