139 Murray St, Binghamton, NY 13905

8,134 SF Built 1960

Property ID

US63-1859555

$849,000 8,134 SF

139 Murray St, Binghamton, NY 13905
View Listing →

Google Maps

Offered for sale is an exceptional student housing investment opportunity located on Binghamton’s West Side. 139 Murray Street features a desirable unit mix consisting of six 3-bedroom units and three studio apartments, positioned in an excellent location just one block from the SUNY bus line and approximately four blocks from Downtown Binghamton. Value-add student housing opportunity with limited capital expenditure required Recently renovated asset featuring updated units new kitchens and dedicated laundry room Immediate upside through rental optimization rather than costly building renovations Pro forma financials reflect achievable income growth supported by the property’s location condition and student housing demand Desirable unit mix consisting of six 3-bedroom units and three studio apartments providing multiple rental income streams Strong student housing fundamentals with walkability to the SUNY bus line Downtown Binghamton restaurants shops and amenities Operationally efficient property with separately metered utilities helping reduce owner expense exposure Ample off-street parking a highly desirable feature for student tenants and a competitive advantage in the market Fully sprinklered and secured building with a solid steel fire escape supporting tenant safety and marketability Opportunity to increase revenue through management leasing strategy and market rent growth rather than significant physical improvements Turnkey physical condition with value-add economics offering investors the ability to improve returns without undertaking a major renovation program Well-positioned asset for investors seeking stabilized student housing with remaining upside