University Townhouses 205-274 Robert Dr Immeuble residentiel 50 lots 9 750 431 € (195 009 €/Lot) Syracuse, NY 13210

UNIVERSITY TOWNHOMES AT SU
OFF-CAMPUS STUDENT HOUSING ADJACENT TO SYRACUSE UNIVERSITY
50 UNITS | 151 BEDS | 25 DUPLEX BUILDINGS | SYRACUSE, NEW YORK
A strategically located 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 University 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 nearly complete collection of townhomes forms a cohesive student housing environment that stretches from E. Colvin Street to the length of Robert Drive. With 50 contiguous units (151 beds) across 25 duplex buildings, buyers gain the rare ability to control and shape virtually the entire community adjacent to Syracuse University. The unit mix is driven by the 3-bedroom townhomes, which make up the bulk of the community. A small collection of 2-bedroom flats and 4-bedroom quads expands the appeal for varied student groups.
- Modern Amenities & Design: Fully furnished, three-story residences designed specifically for group living; Units feature stainless-steel kitchen appliances, upgraded bathrooms with marble and tile finishes, hardwood bedroom flooring, and private patios or balconies; Individual mini-split heating and cooling systems for each bedroom provide a meaningful competitive advantage over older, less efficient housing stock in the submarket
- Prime Location Directly Adjacent to Syracuse University: Walkable access to campus and immediate proximity to the South Campus Shuttle Line; Location has historically driven strong leasing velocity and positions University Townhomes among the most desirable off-campus housing options for students
- Operational Efficiency & Ancillary Income: Utilities are largely passed through to tenants via structured billbacks, with water and sewer billed directly to residents and trash service provided by the city; Additional revenue streams include parking fees, technology fees, and optional furniture packages, supporting strong expense control and diversified income
- Sustained Demand Fundamentals: Supported by Syracuse University’s growing student population and limited supply of modern, multi-level townhome product; the Property has maintained historically high occupancy levels of 98–100% with consistent early pre-leasing activity
- Value-Add Opportunity: Asset presents incremental upside through improved operational execution and refined revenue management, with minimal incremental capital required; Limited, selective interior and exterior enhancements may provide additional upside and can be readily supported by an established local or national operating platform; Strengthened marketing and leasing efforts are expected to improve pre-leasing performance and drive gross revenue