99 Oak St. | 99 Oak St
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99 Oak St. 99 Oak St
24 Unit Apartment Building $3,199,999 ($133,333/Unit) 7.77% Cap Rate 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.
Property Facts
| Price | $3,199,999 | Building Class | C |
| Price Per Unit | $133,333 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 23,654 SF |
| Cap Rate | 7.77% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 0.42/1,000 SF |
| Apartment Style | Mid Rise |
| Price | $3,199,999 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| Cap Rate | 7.77% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 23,654 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 1970 |
| Parking Ratio | 0.42/1,000 SF |
Unit Amenities
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
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 |
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Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (75)
zoning
| Zoning Code | Neighborhood Office |
| Neighborhood Office |
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99 Oak St. | 99 Oak St
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