99 Oak St
- 24 Units | 40 Beds
- $246,206 Reported NOI
- 8.64% Cap Rate
- Approximately $890,960 in Capital Improvements
- Fully Renovated Student Housing Asset
- Modernized Interiors and Upgraded Common Areas
- Potential Assumable $2.01M Non-Recourse Loan
- 6.68% Fixed Interest Rate Through June 2033
- Walk Score of 80
- Access to Downtown Binghamton and Public Transportation
Property Description
99 Oak Street is a fully renovated, 24-unit, 40-bed student housing investment located on Binghamton’s West Side. Approximately $890,960 has been invested in property improvements, including modernized apartments, upgraded common areas, and enhancements designed to improve functionality, appearance, and tenant appeal. The offering provides investors with immediate income, operational scale, and reduced near-term capital requirements. Qualified buyers may also have the opportunity to assume approximately $2.01 million in fixed-rate, non-recourse financing maturing in June 2033. The property is positioned within Binghamton’s established student rental market, with access to Downtown Binghamton, public transportation, dining, retail, and the Court Street Bridge.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,850,000 |
| No. of Units: | 24 |
| Year Built: | 1970 |
| Lot Size: | 0.25 Acres |
| Opportunity Zone: | No |
| Price per unit: | $118,750 |
| Property Website | Click Here |
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