99 Oak StBinghamton, NY 13905

Property Details for 99 Oak St

Year built

1970

Property size (Sq ft)

23,654 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 24-unit apartment building, located at 99 Oak St, Binghamton, NY 13905, presents a compelling investment opportunity. The property, a Class C multifamily building constructed in 1970, boasts a total of 23,654 square feet and offers 40 beds across its spacious units. Recently undergoing extensive renovations totaling over $890,000, the complex showcases high-end finishes and modern design throughout, creating a highly desirable living environment for students. Its prime location, just south of Main Street and within walking distance of the Court Street Bridge and downtown Binghamton, provides unparalleled access to restaurants, shops, and entertainment. The property benefits from a walkability score of 80, ensuring convenient access to all amenities. Off-street parking is available for tenants. With a 7.60% cap rate and an asking price of $3,250,000, this turnkey student housing complex offers a strong return on investment in a market with consistently high rental demand. This is a rare opportunity to acquire a meticulously renovated property in a vibrant and desirable location. The property's superior quality and appeal, combined with its strategic location, make it an exceptional addition to any investment portfolio.

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.098

Longitude

-75.9205

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