Investment Property for Sale at 111 Oak Street in Binghamton, New York for $599,000

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111 Oak Street | BINGHAMTON

$599,000 | 18 Beds | 8,640 Sq. Ft.

Now available for sale is a 12-unit brick building ideally positioned in a prime section of Downtown Binghamton, just one building off Main Street and two blocks from the Court Street Bridge. This central location boasts a Walk Score of 84, offering unmatched convenience to restaurants, nightlife, retail, and daily amenities. The unit mix includes six 1-bedroom apartments and six 2-bedroom apartments, totaling 18 beds. With high demand for both student and affordable housing in the area, this asset presents a compelling investment opportunity. Financials are actual and reflect current vacancies, with a projected Pro Forma CAP rate of 18%. This property is an REO and is being sold strictly as-is. GBAR MLS #331438

Directions to property: Main to Oak. 2nd building.

Contact Information

To inquire about this property, please contact your REALTOR® directly if you are already working with one, or use the contact information provided below to contact the listing agent or brokerage directly. GBAR staff is unable to provide real estate listing information. Please contact one of our REALTOR® members if you need more information about this or any other listing.
Listing Agent Name: 
Scott Warren
Listing Agent Phone: 
607-621-0439
Listing Agent Email: 
scottwarrencre [at] gmail [dot] com (send a message)
Listing Office Name: 
INNOVATIVE COMMERCIAL ADVISORS
Listing Office Phone: 
607-203-1826