111 Oak
$799,000
111 Oak Street, Binghamton, NY 13905
10.33
Cap Rate
8,640 sqft
Building Size
Details:
Description:
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.
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.
Zoned for student housing (R-3)
1 Block To Downtown
18 Bedrooms
Great Cash Flow
Massive Upside Potential
Documents:
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| 111 Oak OM |
Location
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