Student Housing 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:
- Student Housing Complex
- 54 Apartment Units with a Total 105 Bedrooms over 43,920+/-sf
- Plus a 2,568+/-sf, Four Bedroom Colonial With Leasing Office
- Coin Laundry Facility Next to Leasing Office
- Within Walking Distance to Morrisville State College
- Substantial Recent Renovations and Updates
- Key Card Gated Access to Parking Lot
- Additional Acreage Included for Potential Expansion
- Potential Furniture Rental Income
- Easy Access to Village Stores & Restaurants
- Off-Season Airbnb Potential
- Summer Storage Income
- Two Outbuildings on Site:
- Heated Two-Story Workshop With Two Garage Bays
- Unheated 20' x 20' Pole Barn Storage Building
Description:
Unique opportunity to acquire a Student Housing apartment complex within walking distance to Morrisville State College. This complex consists of 54 apartments and a four-bedroom house with a leasing office and coin laundry facility on the main floor is also included with the sale. A total of 109 bedrooms. Beautiful setting on a total of 12.77 rolling acres. Located in the Village of Morrisville with easy access to stores and services. Many of the apartments have been fully renovated over the last seven years with tremendous upside potential for a savvy buyer to continue improvements and rent the remaining units. With proper management, this property has the ability to generate an excellent return on investment.
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 | ||
|---|---|---|
| C21 Campus Hill Flyer | ||
| Campus Hill Flyer | ||
| Campus_Hill_Brochure.pdf |
Location
Gallery
