86 Oak St

Binghamton NY 13905

5778 sq. ft.

0.12 ac.

Other

Currently for sale - view listing

Overview

MAJOR PRICE REDUCTION | ~17.4% PRO-FORMA CAP RATE | VALUE-ADD 7 UNIT + 8TH UNIT UPSIDE 86 Oak St Priced to sell at $599,999, this property presents a high-upside multifamily opportunity in the core student housing corridor of Binghamton. Previously offered at a higher valuation, the asset has been repositioned for immediate sale. Investment Highlights ~17.4% Pro-Forma Cap Rate Based on projected NOI of $104,397 upon full stabilization Multiple Upside Paths Even without bringing the 8th unit online, projected NOI remains approximately $92,397, offering strong returns through operational improvements and market alignment over time 7 Units + 8th Unit Value-Add Existing 7-unit configuration with additional 1-bedroom basement unit requiring full renovation prior to lease-up Strong Rental Location Positioned along major bus lines with easy access to downtown and key student demand drivers Off-Street Parking + 51’ Frontage Desirable amenity that enhances tenant appeal and retention R-3 Zoning (Multifamily Compliant) Supports current use and long-term investment stability

Features

17 bedrooms

3 carspaces

5778 sq. ft. floor area

0.12 ac. lot size

Other

Property history for 86 Oak St

2017

Sold

$400,000

13 Sep 2017

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Sold

For Sale

View the listing for inspection times, agent contact details, and more.

David White

at Owner Entry.com

View listing

Sales:: (619) 566-0008

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