Investment Property for Sale at 111 Oak Street in Binghamton, New York for $900,000

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111 Oak Street | BINGHAMTON

$900,000 | 18 Beds | 8,640 Sq. Ft.

111 Oak Street – a fully renovated brick 12-unit multifamily asset in one of Binghamton's strongest student housing corridors. Six 2BR and six 1BR units, zoned R3 for student or long-term rentals. All units renovated; right wing completely remodeled, with main beams in the basement replaced and a new fire escape installed out back. Photos coming soon. Currently fully vacant except one tenant, offering full lease-up control at market rents from day one. Pro forma projects NOI of $83,834 at a 9.31% cap rate with a 32% year-one cash-on-cash return; rent assumptions are conservative. Just off Main Street, a block from the Front Street Bridge, walkable to the SUNY bus line and downtown restaurants, nightlife, and amenities — ideal for student and workforce tenants. GBAR MLS #336751

Directions to property: Use Main Street, turn right onto Oak Street, property will be on your left.

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: 
Vincent Lucenti
Listing Agent Phone: 
607-422-5076
Listing Agent Email: 
vincent [dot] lucenti [at] svn [dot] com (send a message)
Listing Office Name: 
INNOVATIVE COMMERCIAL ADVISORS
Listing Office Phone: 
607-203-1826