111 Oak St - Apartments FOR SALE


Binghamton, NY 13905- Westside Binghamton
$599,000 USD
607-621-0439
111 Oak St, Binghamton, NY for Sale
$599,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

111 Oak St
Binghamton, NY 13905
Westside Binghamton


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

12

PRICE/UNIT

$49,917

CAP RATE

Request Cap Rate

% 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

4,356 SF

ZONING

R

APN/PARCEL ID

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

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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