Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

941 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Campus Hill Apartments 55 E Main St 55 Unit Apartment Building $2,450,000 ($44,545/Unit) Morrisville, NY 13408

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Housing Complex, 54 Apartment Units with a Total 105 Bedrooms over 43,920+/-sf
Coin Laundry Facility Next to Leasing Office
Substantial Recent Renovations and Updates, Key Card Gated Access to Parking Lot

Plus a 2,568+/-sf, Four Bedroom Colonial With Leasing Office
Within Walking Distance to Morrisville State College, Easy Access to Village Stores & Restaurants
Additional Acreage Included for Potential Expansion

EXECUTIVE SUMMARY

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.

Campus_Hill_Brochure.25

PROPERTY FACTS

Price	$2,450,000	Apartment Style	Garden
Price Per Unit	$44,545	Building Class	C
Sale Type	Investment	Lot Size	3.79 AC
Sale Conditions	Deferred Maintenance High Vacancy Property	Building Size	46,488 SF
No. Units	55	Average Occupancy	8%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment Multifamily Dormitory	Year Built	1981
Zoning	Residence 2 (R-2) - Residence 2: Two-family dwellings. Customary accessory buildings and uses, provided that such buildings and uses are incidental to the principal use.

Price	$2,450,000
Price Per Unit	$44,545
Sale Type	Investment
Sale Conditions	Deferred Maintenance High Vacancy Property
No. Units	55
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Garden
Building Class	C
Lot Size	3.79 AC
Building Size	46,488 SF
Average Occupancy	8%
No. Stories	2
Year Built	1981
Zoning	Residence 2 (R-2) - Residence 2: Two-family dwellings. Customary accessory buildings and uses, provided that such buildings and uses are incidental to the principal use.