28 Lydia St Binghamton, NY 13905
First Ward NeighborhoodEstimated payment $1,748/month
Highlights
- Covered Patio or Porch
- Forced Air Heating System
- Vinyl Flooring
- Cooling System Mounted To A Wall/Window
- Level Lot
About This Home
4-UNIT MONEY MAKER INVESTMENT OPPORTUNITY with strong turn key 17% cap rate! Featuring two 2BR & two 1BR units. 2BR rented for $1200/m, 1BR rented for $1100/m, 2BR currently rented at $1,100/month (below market), one BR being rented soon @$1100/m. All units include utilities, highly desirable for tenants & supports strong occupancy. Interiors updated with new flooring, cabinets, & appliance suites including SS refrigerators, microwaves & gas ranges. Major capital improvements include new roof & hot water heaters, newer furnace, updated plumbing, electrical, & replacement windows. Clean, efficient layouts w/ modern finishes throughout. Off-street parking with additional rear space offering potential to expand parking. Washer & dryer on site with added income potential through coin-op conversion. Turnkey asset with immediate cash flow and strong upside. Cap rate approx. 17%. Excellent opportunity for investor seeking high return property. LOW TAXES
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,736
Year Built
- Built in 1960
Parking
- On-Street Parking
Home Design
- Quadruplex
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,500 Sq Ft Home
- Vinyl Flooring
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Woodrow Wilson Elementary School
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Vented Exhaust Fan
- Gas Water Heater
- Cable TV Available
Additional Features
- Covered Patio or Porch
- Level Lot
Listing and Financial Details
- Assessor Parcel Number 030200-144-079-0003-029-000-0000
Community Details
Overview
- 4 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,800
- Water Sewer Expense $1,200
- Gross Income $57,000
- Net Operating Income $42,664
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $48,000 | $7,200 | $40,800 |
| 2024 | $4,731 | $48,000 | $7,200 | $40,800 |
| 2023 | $4,644 | $48,000 | $7,200 | $40,800 |
| 2022 | $4,535 | $48,000 | $7,200 | $40,800 |
| 2021 | $4,484 | $48,000 | $7,200 | $40,800 |
| 2020 | $4,499 | $48,000 | $7,200 | $40,800 |
| 2019 | $2,399 | $48,000 | $7,200 | $40,800 |
| 2018 | $4,371 | $48,000 | $7,200 | $40,800 |
| 2017 | $4,394 | $48,000 | $7,200 | $40,800 |
| 2016 | $4,420 | $48,000 | $7,200 | $40,800 |
| 2015 | $3,906 | $48,000 | $7,200 | $40,800 |
| 2014 | $3,906 | $48,000 | $7,200 | $40,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/04/2026 06/04/26 | For Sale | $249,000 | -- | $100 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $54,000 | None Listed On Document | |
| Warranty Deed | $37,000 | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $38,000 | New Conventional | |
| Closed | $130,000 | Construction |
Source: Greater Binghamton Association of REALTORS®
MLS Number: 336290
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Ask me questions while you tour the home.