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Binghamton Student Housing Trio 3 Multifamily Properties Offered at $1,661,145 CAD in Binghamton, NY
INVESTMENT HIGHLIGHTS
- 26 bedrooms, 6 baths
- Convenient to BU bus lines
- Extremely low historical vacancy
- Highly desirable locations
- Convenient to shopping and night life
- Fully student compliant zoning
EXECUTIVE SUMMARY
Three fully-occupied properties with 26 beds available in Binghamton's highly-desirable R3 zone! Come look into 6 Seminary Ave, 64 Murray St, and 92 1/2 Walnut. Zoning allows for unrelated occupants and is fully compliant for student housing. Leasing these units is easy, as tenants find the recent upgrades and furnished units highly appealing. Historical vacancy has been virtually zero. All three enjoy the benefits of a highly walkable neighborhood and have easy access to the BU bus lines. Recent upgrades at 6 Seminary include appliances, furniture, flooring, furnace and hot water tank. 64 Murray has a newly-renovated three seasons room, some new flooring, new appliances and newer furniture. 92 1/2 Walnut boasts two kitchens, two furnaces, newer appliances and some upgraded furniture.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $1,661,145 CAD | Status | Active |
| Price / SF | $217.91 CAD / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.22% | Total Building Size | 7,623 SF |
| Sale Type | Investment | Total Land Area | 0.35 AC |
| Price | $1,661,145 CAD |
| Price / SF | $217.91 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.22% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 7,623 SF |
| Total Land Area | 0.35 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 64 Murray St, Binghamton, NY 13905 | Multifamily | 3,043 SF | 1920 | - |
| 6 Seminary Ave, Binghamton, NY 13905 | Multifamily | 2,330 SF | 1920 | - |
| 92.5 Walnut St, Binghamton, NY 13905 | Multifamily | 2,250 SF | 1900 | - |
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Binghamton Student Housing Trio
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