151 Oak St
151 Oak St
Binghamton, NY 13905
Highlights
- Large 13,360 SF Complex.
- 12 Units with 13 beds.
- R3 Zoning (Permissible for students)
- Walking distance to the The Bus lines, the Clinton Street Bridge, The Riverwalk and Downtown Binghamton.
- Tenants pay their own electric.
Description
Offered for sale is this premium 12 Unit Building in an R3 Zone in Binghamton. This area has seen significant development into Student housing over the past few years. This is R3 Zoning (Permissible for Student Housing). This is walking distance to the Bus lines, the Clinton St Bridge and Downtown Binghamton. This has a very walkable score of 76. The close proximity to Downtown Binghamton and the bus lines creates a very strong rental demand in this area. This complex has 11, 1 Bed and 1, 2 Bed apartments. There is off street parking and a 6 bay garage which could generate additional income. One of the Boilers was replaced in 2022. Tenants pay their own electric.
This area has seen significant development into Student housing over the past few years. This is R3 Zoning (Permissible for Student Housing). This is walking distance to the Bus lines, the Clinton St Bridge and Downtown Binghamton. This has a very walkable score of 76. The close proximity to Downtown Binghamton and the bus lines creates a very strong rental demand in this area.
Documents
Investment Analysis (23).pdfSVN - OM/Proposal/BOV (P)
