55 E Main St - Apartments FOR SALE


Morrisville, NY 13408
$2,900,000 USD
315-430-0443
55 E Main St, Morrisville, NY for Sale
$2,900,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

55 E Main St
Morrisville, NY 13408


HIGHLIGHTS

  • 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, Easy Access to Village Stores & Restaurants
  • Substantial Recent Renovations and Updates, Key Card Gated Access to Parking Lot
  • Additional Acreage Included for Potential Expansion

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

55

PRICE/UNIT

$52,727

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Campus Hill Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.79 AC

LAND SF

165,092 SF

ZONING

Residence 2 (R-2)

APN/PARCEL ID

252601-111-015-0001-051-000-0000

ASK ABOUT THIS PROPERTY

Tom LischakBridgeway Commercial RealtyMore Info
315-430-0443

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Tom LischakBridgeway Commercial RealtyMore Info
315-430-0443

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.