139 Murray Street
$849,000
139 Murray Street, Binghamton, NY 13905
8,134 sqft
Building Size
0.18 acres
Lot Area
Details:
Description:
Offered for sale is an exceptional student housing investment opportunity located on Binghamton’s West Side. 139 Murray Street features a desirable unit mix consisting of six 3-bedroom units and three studio apartments, positioned in an excellent location just one block from the SUNY bus line and approximately four blocks from Downtown Binghamton.
The property is within walking distance of restaurants, shops, services, entertainment, and other downtown amenities, making it highly attractive to student tenants. The building and units have been beautifully renovated, with recent improvements including updated kitchens, and a dedicated laundry room.
The property also offers strong operational advantages, including separate utility metering, a fully sprinklered building, a secure entry, a solid steel fire escape, and ample off-street parking with a spacious parking lot. Tenants also benefit from an outdoor barbecue area, adding to the property’s appeal and livability.
With its renovated condition, student-oriented layout, strong location, parking, safety features, and proximity to transportation and downtown amenities, 139 Murray Street represents a compelling opportunity for investors seeking a well-positioned student housing asset in the Binghamton market.
Financials are presented on a pro forma basis.
Location
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