28 Lydia St, Binghamton, NY 13905

Fully renovated 4-unit in Binghamton’s First Ward—prime location minutes from Downtown, Binghamton University, and major highways. Perfect for house hacking or investors seeking to expand their portfolio. Major upgrades: full interior reno, new roof (2024), newer furnace (2019), two hot water heaters, updated plumbing and electrical, vinyl replacement windows, and new appliances. Vacant and ready to rent with leasing assistance available after closing. Pro forma shows a GOI of $48,000, NOI of $33,246, and a projected cap rate of 16.8%, with ROI of 43%, DSCR of 2.46, IRR of 37.84%, Year 1 cash-on-cash return of 32%, and GRM of 4. Utilities can be allocated using RUBS, and additional laundry income is possible. Conveniently located near restaurants, Antique Row, parks, and shopping, this high-yield, low-maintenance property is an excellent opportunity for anyone seeking a cash-flowing multifamily in a growing rental market with easy access to downtown and major highways.