55 East Main Street
- 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
- Seasonal Airbnb or off-season housing opportunity
- Heated two-story workshop with dual garage bays
- 20' x 20' unheated pole barn for additional storage
Property Description
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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,975,000 |
| No. of Units: | 55 |
| Year Built: | 1981 |
| Lot Size: | 12.77 Acres |
| Opportunity Zone: | No |
| Price per unit: | $35,909 |
| Property Website | Click Here |
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