Apartment Complex Directly Across From Morrisville State College

Highlights:

• 54 apartment units totaling 105 bedrooms across 43,920 ± SF
• 2,568 ± SF four-bedroom Colonial with on-site leasing office
• Less than 10% occupancy offering significant lease-up and value-add potential
• Coin laundry facility located next to leasing office
• Walking distance to SUNY Morrisville and village amenities
• Recent renovations and capital updates completed in many units
• Key card–controlled parking lot for resident security
• The 12.4+/- Acreage provides future expansion potential
• 40 minute drive to Micron
• Heated two-story workshop with dual garage bays
• 20' x 20' unheated pole barn for additional storage

Description:

Campus Hill Apartments presents a large-scale multifamily repositioning opportunity with the flexibility to serve several distinct housing markets. The existing unit mix can support traditional apartment leasing, student housing and workforce housing, including demand associated with Micron’s long-term semiconductor development in Clay. An experienced operator can complete unit turns, restore occupancy and create a diversified housing platform serving SUNY Morrisville, regional employers and major construction activity throughout Central New York. The combination of existing residential scale, multiple leasing strategies and meaningful operational upside creates a compelling opportunity for renovation, professional management and lease-up.

Campus Hill Apartments is located at 55 East Main Street in the Village of Morrisville, directly across from SUNY Morrisville and within walking distance of the campus and village amenities. The property is approximately 39 road miles from Micron’s White Pine Commerce Park semiconductor site in Clay, broadening its potential renter base to include contractors, construction personnel and other regional workers in addition to students and conventional tenants. Micron’s long-term development program is expected to support sustained construction and employment activity across Central New York. Morrisville also provides access to Hamilton, Cazenovia, Oneida, Utica and the greater Syracuse market. This combination of college proximity, regional employment access and multiple housing-demand drivers strengthens the property’s long-term lease-up and repositioning potential.

Gas & Electric. Public water and sewer.

Three adjacent tax parcels contain 55 apartment units over six buildings. Total 12.92+/- acres contain a four bedroom house and plenty of room for expansion along with two outbuildings.

Electric only to apartment buildings

Natural Gas at house.

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