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Robert Dr Syracuse, NY 13210

For Sale
$16,120,000

52 Units, High Occupancy, Prime Location

Property size:
58,240 SF

Description

Added:
Dec 11, 2024
Days on Market:
362
This exceptional investment opportunity presents a portfolio of 52 student housing townhomes situated on a substantial 4-acre lot in Syracuse, NY, just steps from Syracuse University. The property comprises 26 separate duplex buildings, each featuring three bedrooms and 1.5 bathrooms. Many units have undergone complete renovations within the last decade, ensuring high-quality accommodations. The townhomes are fully furnished, contributing to consistently excellent occupancy rates and a strong tenant base. The property's strategic location, directly on the South Campus bus line, provides unparalleled convenience for students. One unit currently serves as a management office. Detailed financial information is available upon request. The property consists of 26 separate tax parcels, with a combined total square footage of 58,240. This is a rare chance to acquire a significant, contiguous parcel in a highly desirable university-adjacent location. The two-story buildings offer a comfortable and efficient layout, maximizing space and appeal to students. This is an ideal investment for those seeking a stable, high-yield property with significant growth potential.

Property Features for 0 Robert Dr

General Information

Property type
Multifamily properties
Square Feet
58,240 SF
Lot Size
174,240 SF

Building Details

Buildings
26
Stories
2
Units
52

Property Profile Location Intelligence

Current Use by Public Records

Dormitories

Map

City
Syracuse
County
Onondaga
State
New York
Longitude
-76.13138392
Latitude
43.02513523

FAQs

What type of property is this?
Multifamily property - 52 Units, High Occupancy, Prime Location
Where is this multifamily property located?
The property is located at Robert Dr Syracuse, NY.
What is the asking price?
The asking price for this property is $16,120,000.
More about this property
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