12 & 14 Blanchard, Binghamton, NY 13901

Property Description

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!