111 Oak St Binghamton, NY

Highlights:

• Solid Brick Building.
• 6, 1 Bed Units and 6, 2 Bed Units.
• One building from Main Street.
• 2 Blocks from the Court St Bridge.
• Walking distance to Downtown Binghamton.

Description:

Now available for sale is a 12-unit brick building ideally positioned in a prime section of Downtown Binghamton, just one building off Main Street and two blocks from the Court Street Bridge. This central location boasts a Walk Score of 84, offering unmatched convenience to restaurants, nightlife, retail, and daily amenities. The unit mix includes six 1-bedroom apartments and six 2-bedroom apartments, totaling 18 beds. With high demand for both student and affordable housing in the area, this asset presents a compelling investment opportunity. Financials are actual and reflect current vacancies, with a projected Pro Forma CAP rate of 18%. This property is an REO and is being sold strictly as-is.

Located just one building off Main Street and two blocks from the Court Street Bridge, 111 Oak offers a prime position in the heart of Downtown Binghamton. With a Walk Score of 84, this highly walkable location provides easy access to the city's vibrant restaurants, nightlife, shops, and everyday amenities. Whether for student housing or affordable housing, the strong demand for rentals in this area makes it an ideal opportunity for investors looking to capitalize on Binghamton’s growing urban appeal.

Electric & Gas

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