111 Oak St - Apartments FOR SALE


Binghamton, NY 13905- Westside Binghamton
$799,000 USD
607-953-1509
111 Oak St, Binghamton, NY for Sale
$799,000 USD
Apartments - FOR SALE
1/15
null | 10.33% Cap Rate

111 Oak St
Binghamton, NY 13905
Westside Binghamton


HIGHLIGHTS

  • Zoned for student housing (R-3)
  • 1 Block To Downtown
  • 18 Bedrooms
  • Great Cash Flow
  • Massive Upside Potential

OVERVIEW

Presenting a rare and unique opportunity to own this solid Brick 12 unit, 18 Bed complex in Binghamton, NY. Downtown Binghamton is known to be a thriving area of Student Housing. Neighboring approximately 1,300 Student beds this is a prime strategic location to benefit from this thriving market. Just one building from Main St and one block from the Court St Bridge this is walking distance to all of Downtown Binghamton's Restaurants, shops and amenities. This location has a very walkable score of 85. This is a rare R-3 zoning opportunity in a market with a high barrier to entry. This is currently leased to families with significant potential to convert to Student housing. This building is priced to sell with existing positive cash flow and significant value add potential. All rents are below market.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

12

PRICE/UNIT

$66,583

CAP RATE

10.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,244 SF

ZONING

-

APN/PARCEL ID

030200-160-039-0003-008-000-0000

ASK ABOUT THIS PROPERTY

Matthew KarlgutSVN Innovative Commercial AdvisorsMore Info
607-953-1509

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Matthew KarlgutSVN Innovative Commercial AdvisorsMore Info
607-953-1509

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.