Campus Hill Apartments

55 East Main Street, Morrisville, NY 13408

  • For Sale $5,000,000
  • Property Type Multi-Family
  • Property Size 46,488 SF
  • Units 55
  • Lot Size 12.77 Acre
  • Parking Spaces Avail. 150
  • Parking Ratio 3.23 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1981
  • Year Renovated 2020
  • Date Updated Aug 1, 2023
Morrisville is a village in Madison County, New York, United States. The population was 2,199 at the 2010 census. The village is named after its founder, Thomas Morris. The Village of Morrisville in the northwest part of the Town of Eaton on US Route 20. The subject property is located directly across from Morrisville State College in the village.Unique opportunity to acquire a Student Housing apartment complex within walking distance to Morrisville State College. This complex consists of 54 apartments and a four bedroom house with a leasing office and coin laundry facility on the main floor is also included with the sale. A total of 109 bedrooms. Beautiful setting on a total of 12.77 rolling acres. Located in the Village of Morrisville with easy access to stores and services. Many of the apartments have been fully renovated over the last five years. Tremendous upside potential for savvy buyer. With proper management this property has the ability to generate an excellent return on investment.

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Highlights

  • Student 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
  • Substantial Recent Renovations and Updates
  • Key Card Gated Access to Parking Lot
  • Additional Acreage Included for Potential Expansion
  • Furniture Rental Income
  • Easy Access to Village Stores & Restaurants
  • Off-Season airbnb Potential
  • Summer Storage Income
  • Two Outbuildings on Site:
  • Heated Two-Story Workshop With Two Garage Bays
  • Unheated 20' x 20' Pole Barn Storage Building

Contacts

broker

Tom Lischak, CCIM

CENTURY 21 Bridgeway Commercial Realty

(315) 430-0443

Location

Getting Around

  • Walk Score ®

    27/100 Car-Dependent

  • Bike Score ®

    37/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Morrisville, NY
  • Neighborhood Morrisville
  • Zip Code 13408
  • Market Syracuse

Points of Interest

  • Speedway

    0.06 miles

  • Big Blue's

    0.16 miles

  • Stewart's

    5.86 miles

  • Speedway

    6.86 miles

  • Gym Parking

    7.88 miles

  • Link Trail/Nature Trail Parking

    9.24 miles

  • Country Hearts Bed & Breakfast

    6.75 miles

  • Colgate Inn

    7.12 miles

  • The Timberlake House Bed and Breakfast

    7.22 miles

  • New York Pizzeria

    0.09 miles

  • Purple Salamander

    0.11 miles

  • Blue Canoe Grill

    6.09 miles

  • McDonald's

    6.57 miles

  • Dunkin' Donuts

    7.04 miles

  • Main Moon

    7.07 miles

  • Royal India Grill

    7.15 miles

  • La Iguana

    7.15 miles

  • Galbreth farm

    0.32 miles

  • Morrisville State College

    0.47 miles

  • Arnold R. Fisher Dairy Complex

    1.25 miles

  • Stockbridge Valley High School

    6.26 miles

  • Swamp School

    6.87 miles

  • Hamilton Central School

    7.32 miles

  • Colgate University

    7.74 miles

  • Randallsville New Life Christian School

    8.05 miles

  • Cazenovia Children's House

    8.64 miles

Frequently Asked Questions

What is the lease rate for Campus Hill Apartments?

Rental asking rate at Campus Hill Apartments is $2,500,000.00/YR.

What is the total square footage of Campus Hill Apartments?

Campus Hill Apartments totals 46,488 square feet.

When was this property built?

Campus Hill Apartments was built in 1981.

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Contact Listing Broker

broker

Tom Lischak, CCIM

CENTURY 21 Bridgeway Commercial Realty

(315) 430-0443