Apartment Complex Directly Across From Morrisville State College
$2,900,000
55 East Main Street, Morrisville, NY 13408
46,488 sqft
Building Size
12.77 acres
Lot Area
Details:
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
- Seasonal Airbnb or off-season housing opportunity
- Heated two-story workshop with dual garage bays
- 20' x 20' unheated pole barn for additional storage
Description:
Campus Hill Apartments offers a unique value-add housing opportunity located just steps from SUNY Morrisville. The property includes 54 apartments plus a four-bedroom house situated on 12.77 ± acres across three contiguous parcels.
Currently less than 10% of the units are occupied, with approximately 30 units move-in ready and the balance needing renovation. Once stabilized, the property offers strong upside potential through increased occupancy and rent optimization, supported by steady housing demand in this college market.
Discover the charming village of Morrisville, NY, home to the Campus Hill Apartments. Nestled in the picturesque countryside, this vibrant community offers a mix of suburban tranquility and convenient city access. Residents enjoy close proximity to Morrisville State College, providing a steady tenant base. Explore local attractions such as Eatonbrook Reservoir for outdoor recreation, as well as nearby dining and shopping options. The area's natural beauty and small-town charm make it an appealing location for prospective Multifamily / Low-Rise/Garden investors seeking a balanced investment opportunity in a thriving, close-knit community.
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.
Documents:
| Title | ||
|---|---|---|
| Campus_Hill_Brochure.pdf |
Location
Gallery
