139 Murray

139 Murray Street is ideally positioned to benefit from the continued demand for well-located student housing in the City of Binghamton. Located in an R-3 zoning district, the property is approved for student occupancy and offers a strong location advantage for both tenants and investors. The property is just one block from the student bus line, providing convenient access to Binghamton University and other key destinations. It is also within walking distance of Downtown Binghamton, located only approximately four blocks away, giving tenants easy access to restaurants, entertainment, services, employment, and the city’s growing downtown amenities. With recent changes to Binghamton zoning regulations influencing where student housing can be located, 139 Murray Street is well positioned in an established and approved student housing area. The combination of zoning, walkability, transit access, and proximity to downtown makes this a highly attractive location for student tenants and a compelling investment opportunity.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. The property is within walking distance of restaurants, shops, services, entertainment, and other downtown amenities, making it highly attractive to student tenants. The building and units have been beautifully renovated, with recent improvements including updated kitchens, and a dedicated laundry room. The property also offers strong operational advantages, including separate utility metering, a fully sprinklered building, a secure entry, a solid steel fire escape, and ample off-street parking with a spacious parking lot. Tenants also benefit from an outdoor barbecue area, adding to the property’s appeal and livability. With its renovated condition, student-oriented layout, strong location, parking, safety features, and proximity to transportation and downtown amenities, 139 Murray Street represents a compelling opportunity for investors seeking a well-positioned student housing asset in the Binghamton market. Financials are presented on a pro forma basis.