111 Oak St, Binghamton, NY 13905

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.