86-Unit Multifamily Portfolio - Syracuse Multi-Family FOR SALE


Syracuse, NY - Eastside
$13,315,000 USD
215-454-2879
, Syracuse, NY for Sale
$13,315,000 USD
Multi-Family - FOR SALE
1/9
null | 6.39% Cap Rate

86-Unit Multifamily Portfolio - Syracuse
Syracuse, NY
Eastside


OVERVIEW

Global Real Estate Advisors (GREA) exclusively offers to investors the opportunity to acquire the fee simple interest in a strategically located, scattered-site student housing portfolio near Syracuse University. A private research institution located in the heart of Central New York, SU has grown its academic divisions to 13 schools and colleges since opening in 1870. With more than 40 research centers and institutions, Syracuse is one of 39 private doctoral universities nationwide with an R1 Carnegie Classification. Approximately 8,000 students live on campus, primarily undergraduate students as SU requires most first- and second-year students to live on campus. 50% of undergraduates live off campus. Many students move off-campus after their first or second year, particularly to areas close to the University, such as the neighborhoods surrounding University Hill and Westcott. SU’s student population continues to grow, creating sustained demand for housing. This diverse Portfolio comprises a mix of multi-unit properties, catering to the growing demand for off-campus housing in the vibrant Syracuse University community. - Prime Location: Within walking distance of Syracuse University, these properties offer ideal housing options for students - Diversified Portfolio: A range of building types and unit configurations appeal to a variety of student housing preferences - Strong Rental History: High occupancy rates driven by consistent demand from both undergraduate and graduate students - Value-Add Potential: Opportunities for property upgrades and operational efficiencies, with room for rent increases in a growing rental market - Long-Term Growth: Situated in a market supported by a major university with consistent enrollment, providing a stable tenant base and opportunities for appreciation. The Portfolio’s proximity to campus, strong rental demand, and significant potential for value add improvements offers both immediate cash flow and long-term investment potential. This offering presents an exceptional opportunity for investors seeking exposure to the student housing sector in one of the Northeast's most reputable college towns.

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215-454-2879

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215-454-2879

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