34 Savitch Rd Binghamton, NY 13901
Estimated payment $1,739/month
Highlights
- Luxury Vinyl Tile Flooring
- Forced Air Heating and Cooling System
- Rectangular Lot
About This Home
OPEN HOUSE SATURDAY 8/9 10:00AM-12:00PM. Fantastic turnkey investment opportunity! An exceptional side-by-side duplex with separate utilities in a high demand location, offering the perfect blend of modern updates, strong rental income, and short and/or long term investment potential.
Whether you're an investor looking for immediate cash flow or a homeowner seeking to offset your mortgage, this fully renovated property is ready to deliver. Each mirror-image unit features 2 bedrooms and 1 full bath, all on a single-level layout with private basement storage below. In 2020, the entire building underwent a full gut renovation with high-end finishes, updated mechanicals, and modern systems throughout. Recent upgrades include a brand-new central A/C system (2024), a new hot water heater (2025) for one unit, and a sump pump (2021) that's professionally serviced annually. Excellent insulation, low maintenance landscaping, and low utility bills.
One side is occupied by a reliable long-term tenant paying market-rate rent, while the other is operated as a stylish, fully furnished Airbnb with a strong rental history and 5-star guest reviews. All Airbnb furniture and decor (less than a year old) can be included in the sale. Current owner is an experienced Superhost and is open to continuing management, along with the professional cleaning team, for a seamless transaction.
Gross annual income: $48,300. Operating expenses: $6,930 (tax, insurance, landscaping, water, garbage, basement electric). Cap rate of approximately 15.3%. GRM: 5.6. Strong cash on cash return with any financing structure.
Easy access to I-81 and minutes to shopping, parks, and downtown Binghamton. A great low-vacancy, high-performing asset with dual-purpose flexibility. Financials available for qualified buyers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,600
Year Built
- Built in 1950
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 100x145
- Rectangular Lot
Parking
- 2 Car Garage
Home Design
- Vinyl Siding
Interior Spaces
- 2,000 Sq Ft Home
- 2-Story Property
- Luxury Vinyl Tile Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Electric Water Heater
Listing and Financial Details
- Tax Lot 34
- Assessor Parcel Number 032400-111-012-0001-034-000-0000
Community Details
Overview
- Association fees include trash collection
- 2 Units
- Broad Acres Add Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $4,453 | $74,000 | $11,600 | $62,400 |
| 2023 | $4,670 | $74,000 | $11,600 | $62,400 |
| 2022 | $4,522 | $74,000 | $11,600 | $62,400 |
| 2021 | $4,396 | $74,000 | $11,600 | $62,400 |
| 2020 | $4,311 | $74,000 | $11,600 | $62,400 |
| 2019 | -- | $74,000 | $11,600 | $62,400 |
| 2018 | $4,057 | $74,000 | $11,600 | $62,400 |
| 2017 | $4,060 | $74,000 | $11,600 | $62,400 |
| 2016 | $4,043 | $74,000 | $11,600 | $62,400 |
| 2015 | -- | $74,000 | $11,600 | $62,400 |
| 2014 | -- | $74,000 | $11,600 | $62,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2025 08/02/25 | For Sale | $270,000 | +69.8% | $135 / Sq Ft |
| 05/06/2021 05/06/21 | Sold | $159,000 | +6.7% | $88 / Sq Ft |
| 03/02/2021 03/02/21 | Pending | -- | -- | -- |
| 02/23/2021 02/23/21 | For Sale | $149,000 | +1003.7% | $83 / Sq Ft |
| 09/21/2017 09/21/17 | Sold | $13,500 | 0.0% | $7 / Sq Ft |
| 08/24/2017 08/24/17 | Pending | -- | -- | -- |
| 08/16/2017 08/16/17 | For Sale | $13,500 | -- | $7 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $13,500 | None Available | |
| Not Resolvable | $1,000 | None Available | |
| Referees Deed | $500 | None Available | |
| Deed | $78,000 | Frederick Xlander | |
| Deed | $68,000 | Peter A Gorton |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $15,000 | Stand Alone Second | |
| Open | $119,250 | New Conventional | |
| Closed | $92,000 | New Conventional |
Source: Ithaca Board of REALTORS®
MLS Number: R1625926
APN: 032400-111-012-0001-034-000-0000
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