NOT LISTED FOR SALE

153 Oak St Unit PORTFOLIO Binghamton, NY 13905

West Side Neighborhood
36 Beds
12 Baths
8,852 Sq Ft
1990 Built

Last Sold December 15, 2022

Last sale price $880,000 $99 Per Sq Ft

124 Days on Market

Highlights

  • Wood Flooring
  • Storm Windows
  • Baseboard Heating
  • Covered patio or porch
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of December 2022

You don't often come across this kind of student housing in Binghamton. Well-maintained, attentively managed and updated multifamily/student housing property located within 2 blocks of Main Street BU bus stop and few blocks away from downtown! For sale is a total of 36 beds/12 baths, fully furnished down to the TVs. Zero vacancy in 19 years and everything needed for a new owner to come in and begin collecting cash flow from day one. New roofs put into place this year at 153 and 155 Oak Street, updated kitchens and baths, and minimal maintenance cost make this trio a breeze. All three properties have their own off-street private parking lots, laundry facilities and ability to separate out utilities by unit. You won't come across another student rental bundle like this in a prime location for this price! Will be fully rented by close. Located in R3 zoning, student use should be allowed even if new restrictions pass September 2022.

Last Agent to Sell the Property

Steph Jacobson

Yaman Commercial Industrial License #10401301213 Listed on: 06/08/2022

Last Buyer's Agent

Steph Jacobson

Yaman Commercial Industrial License #10401301213 Listed on: 06/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,986

Year Built

  • Built in 1990

Lot Details

  • Lot Dimensions are 100 x 165
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 8,852 Sq Ft Home
  • Insulated Windows
  • Basement

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 12 Full Bathrooms

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Covered patio or porch

Schools

  • Horace Mann Elementary School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Baseboard Heating
  • Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 030200-160-031-0004-007-000-0000

Community Details

Overview

  • 7 Units
  • Murray Place Subdivision

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $3,510
  • Maintenance Expense $1,800
  • Water Sewer Expense $5,737
  • Gross Income $126,600
  • Net Operating Income $72,831

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,986

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 100 x 165
  • Professional Management Expense: 2400.0
  • Inclusions: CARBON MONOXIDE DETECTOR,FURNISHINGS/CALL LO,MIRRORS-Perm affixed,SECURITY SYSTEM,SMOKE DETECTORS,WINDOW TREATMENTS-SOME
  • Ownership: OWNER
  • Subdivision Name: Murray Place
  • Directions: Oak St, north of Main. West side of street.
  • Above Grade Finished Sq Ft: 8852.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1990
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 12
  • Total Bedrooms: 36
  • Door Features: Storm Door(s)
  • Flooring: Hardwood, Tile, Vinyl
  • Living Area: 8852.0
  • Window Features: Insulated Windows, Storm Window(s)

Exterior Features

  • Lot Features: Level
  • Construction Type: Brick, Vinyl Siding, Wood Siding
  • Exterior Features: Porch, Patio, Storm Windows/Doors
  • Foundation Details: Basement, Slab
  • Patio And Porch Features: Covered, Open, Patio, Porch

Garage/Parking

  • Parking Features: Parking Space(s)

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available, Phone Available
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 8168.0
  • Annual Water Sewer Expense: 5737.0

Schools

  • Elementary School: Horace Mann
  • Junior High Dist: Binghamton

Lot Info

  • Parcel #: 030200-160-031-0004-007-000-0000
  • Zoning Description: R3
  • Zoning: R3

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 8168.0
  • Annual Gross Income: 126600.0
  • Insurance Expense: 3510.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 72831.0
  • Annual Operating Expense: 53769.0
  • Total Actual Rent: 126600.0
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 3

Tax Info

  • Tax Annual Amount: 21986.0
  • Tax Book Number: 160.31-4-7

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2022 12/15/22 Sold $880,000 -7.4% $99 / Sq Ft
10/11/2022 10/11/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $950,000 -- $107 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steph Jacobson

    Seller's Agent in 2022

    Steph Jacobson

    Yaman Commercial Industrial

    (607) 857-3864

    20 in this area

    82 Total Sales

    Steph Jacobson
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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 317427

New York Broome County Binghamton 13905 West Side

153 Oak St Unit PORTFOLIO, Binghamton, NY

This home is located at 153 Oak St Unit PORTFOLIO, Binghamton, NY 13905 since 08 June 2022. This property was built in 1990. 153 Oak St Unit PORTFOLIO is a home located in Broome County with nearby schools including Binghamton High School, Horace Mann Elementary School, and West Middle School.

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