18 North St
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18 North St
12 Unit Block of Flats £959,542 (£79,962/Unit) 9.46% Net Initial Yield Binghamton, NY 13905
Investment Highlights
- Fully renovated 12-unit building with modern high-end finishes.
- Zoned R3 and approved for student housing use.
- Walk Score of 70, offering convenient access to restaurants, nightlife, and amenities.
- Located in Binghamton's West Side, ideal for the growing student housing market.
- Walking distance to Main Street, bus lines, and the Court Street Bridge.
- Recent upgrades include new kitchens, baths, flooring, and common areas.
Executive Summary
This fully renovated 12-unit building in the heart of Binghamton's West Side is a prime investment opportunity. Ideally situated between Murray and Oak Streets, it’s perfectly positioned to benefit from the growing student housing market. Zoned R3 and approved for student housing, the property is within walking distance of Main Street, bus lines, and the Court Street Bridge. With a Walk Score of 70, residents enjoy convenient access to downtown’s restaurants, nightlife, and amenities. Recent renovations feature high-end finishes, including modern kitchens, updated baths, new flooring, and refreshed common areas, making this a turnkey property ready for immediate return. Rents quoted are for the 25/26 School year and are in process of being leased with over 50% signed.
18 North St. is centrally located between Murray and Oak Streets in Binghamton's Westside, ideal for the thriving student housing market. This R3-zoned property is within walking distance of Main Street, bus lines, and the Court Street Bridge, offering convenient access to downtown amenities, restaurants, and nightlife. With a Walk Score of 70, it’s a prime location for students and professionals alike.
18 North St. is centrally located between Murray and Oak Streets in Binghamton's Westside, ideal for the thriving student housing market. This R3-zoned property is within walking distance of Main Street, bus lines, and the Court Street Bridge, offering convenient access to downtown amenities, restaurants, and nightlife. With a Walk Score of 70, it’s a prime location for students and professionals alike.
Property Facts
| Price | £959,542 | Apartment Style | Low Rise |
| Price Per Unit | £79,962 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Net Initial Yield | 9.46% | Building Size | 10,920 SF |
| No. Units | 12 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Price | £959,542 |
| Price Per Unit | £79,962 |
| Sale Type | Investment |
| Net Initial Yield | 9.46% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 10,920 SF |
| Number of Floors | 3 |
| Year Built | 1960 |
| Parking Ratio | 0.92/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 11 | - | - |
| 1+1 | 1 | - | - |
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Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 030200-160-031-0004-015-000-0000 | Improvements Assessment | £170,838 |
| Land Assessment | £6,110 | Total Assessment | £176,947 |
PROPERTY TAXES
Parcel Number
030200-160-031-0004-015-000-0000
Land Assessment
£6,110
Improvements Assessment
£170,838
Total Assessment
£176,947
zoning
| Zoning Code | R3 (Typically refers to a residential zoning district that allows for moderate-density housing development) |
| R3 (Typically refers to a residential zoning district that allows for moderate-density housing development) |
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18 North St
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