11 Walnut St
- Zoned R-3
- 100% occupancy
- Stabilized student housing asset
- Core location on West Side
- Proximity to downtown amenities
- Established transportation routes
- Leases secured at $700 per bed Unit 1 and $590/Bed Unit 2
- 9.83% capitalization rate
- Proven location with established rental demand
Property Description
Offered for sale is this Student Housing building in the heart of Binghamton's West Side. This is in R-3 Zoning and South of Main Street. Leases for next Semester are at $700/Bed and $590/Bed yielding a 9.83% CAP Rate based on current expense ratios. This is a tremendous opportunity to own this high yielding Student Housing assets in one of the most desirable corridors for Student Housing in Binghamton.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $299,000 |
| No. of Units: | 2 |
| Year Built: | 1921 |
| Lot Size: | 0.07 Acres |
| Opportunity Zone: | No |
| Price per unit: | $149,500 |
| Property Website | Click Here |
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