12-14 Blanchard Ave, Binghamton, NY 13901

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.