For Sale

Campus Hill Apartments

55 East Main Street,
Morrisville, NY 13408

Asset Snapshot

Upper Mid-Scale
Multifamily Subtype
1981
Year Built
2023
Year Renovated
3
Floor Count
6
Building Count
150
Parking Spots
12.77 Acres
Land Area
55 Units
Unit Count
0 SF
Average Unit Size
46,488 SF
Property Size
7%
Occupancy

Offering Summary

Investment Overview

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.


Investment 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

How it Works

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Listing Syndicated From

Buildout
For Sale
$2,250,000
Asking Price