34 Savitch Road, Binghamton, NY 13901
Local realty services provided by:ERA Team VP Real Estate
34 Savitch Road,Binghamton, NY 13901
$270,000
- 4 Beds
- 2 Baths
- 2,000 sq. ft.
- Multi-family
- Active
Listed by:rio lange
Office:keller williams realty
MLS#:R1625926
Source:NY_GENRIS
Price summary
- Price:$270,000
- Price per sq. ft.:$135
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.
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Home facts
- Year built:1950
- Listing Id #:R1625926
- Added:12 day(s) ago
- Updated:August 14, 2025 at 02:53 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Living area:2,000 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
Structure and exterior
- Year built:1950
- Building area:2,000 sq. ft.
- Lot area:0.33 Acres
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$270,000
- Price per sq. ft.:$135
- Tax amount:$3,600
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