Well-located three-unit multifamily property in the City of Binghamton offering immediate rental income with long-term upside potential. This triplex consists of one 3-bedroom, 1-bath unit and two 1-bedroom, 1-bath units, totaling approximately 2,400 square feet of living space. All units are currently occupied, providing stable income from day one. Current rents are below prevailing market levels, presenting an opportunity for gradual rent optimization over time as leases turn over. The property features four electric meters and off-street parking via a driveway for tenant convenience. Recent exterior improvements include a newly constructed front porch. The property is situated in an established residential area with close proximity to downtown Binghamton, public transportation, shopping, dining, and major roadways, supporting consistent rental demand. Ideal for investors seeking a fully occupied multifamily asset with income in place and future growth potential.
156 days
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28
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Zillow last checked:
Listing updated:
Listed by:
EXIT REALTY HOMEWARD BOUND607-729-5500,
Robert J. Farrell
Source: GBMLS,MLS#: 334838Originating MLS: Greater Binghamton Association of REALTORS
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