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99 Oak St. 99 Oak St

24 Unit Block of Flats £2,385,690 (£99,404/Unit) 8.16% Net Initial Yield Binghamton, NY 13905

Investment Highlights

  • Extensive Renovations: Over $890,000 invested in upgrades and modernizations
  • Luxury Interiors: Featuring premium, high-end finishes throughout
  • Prime Location: Steps from the Court Street Bridge and the heart of Downtown Binghamton
  • Spacious Layout: 24 units offering a total of 40 beds
  • Convenient Parking: Off-street parking available for tenants

Executive Summary

This fully renovated, turnkey student housing complex in the heart of Binghamton, NY is now available for sale. Perfectly positioned to leverage the robust student housing market, the property sits on Oak Street just south of Main Street, within walking distance of the Court Street Bridge and all of Downtown Binghamton’s top restaurants, clubs, shops, and amenities. With a walkability score of 80, it provides unbeatable access to everything students desire. The 24-unit, 40-bed complex has undergone extensive renovations totaling $890,960, showcasing beautiful high-end finishes and modern design throughout. A rare opportunity to invest in a property that stands out with its quality and appeal in an area with consistently high rental demand.

Attachments

99 Oak OM

Property Facts

Price £2,385,690
Price Per Unit £99,404
Sale Type Investment
Net Initial Yield 8.16%
No. Units 24
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.25 AC
Building Size 23,654 SF
Average Occupancy 100%
Number of Floors 6
Year Built 1970
Parking Ratio 0.42/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Walking/Biking Trails
  • Lift
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 10 - 1
2+1 11 - 1
6+2 1 - 1
Studios 2 - 1
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code Neighborhood Office
Neighborhood Office
  • Listing ID: 33396545

  • Date on Market: 03/10/2024

  • Last Updated:

  • Address: 99 Oak St, Binghamton, NY 13905

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