55 East Main Street

Morrisville, NY 13408

$2,950,000
Price
Beds
43,920 Sq. Ft.
$67 / Sq. Ft.
43,920
Sq. Ft.
$67
per Sq. Ft.

Description

Large price drop! 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 and two out buildings are also included with the sale. Beautiful setting on a total of 12.92 rolling acres across three tax parcels (111.15-1-56 & 111.15-1-51 & 111.15-1-51.1). Located in the Village of Morrisville with easy access to...

Property Details for 55 East Main Street

On Waterfront
No

Location

Listing Courtesy of Bridgeway Residential Realty

Property Details for 55 East Main Street

StatusTemporarily Off Market
MLS #S1316130
Days on Market98
Taxes$31,735 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5 + Unit Apartments / Rooming House
Year Built1981
Lot Size3.77 AC / 164,221 SF
CountyMadison County

Listing Agent

Thomas P. Lischak

Thomas P. Lischak

Bridgeway Residential Realty

tom@bridgewayrr.com

P: 315.928.1400

M: 315.928.1400

Contact Agent(s)

Location

Listing Courtesy of Bridgeway Residential Realty

Building Information for 55 East Main Street

Stories3Residences-Year Built1981Building Size-Lot Size3.77 AC / 164,221 SF

Payment Calculator

$12,531 per month

30 year fixed, 2.95% Interest

Principal and Interest

$9,886

Property Taxes

$2,645

HOA Dues

$0

Property Information for 55 East Main Street

Summary
    Location and General Information
  • Directions to Property: Village of Morrisville, North side of the main street next to/behind Sunoco.
  • Nearest Cross Street: cedar
  • Postal City: Morrisville
  • School District Name: Morrisville-Eaton
  • Village: Morrisville-Village
    Owner
  • Owner 1 Last Name: Waterbury
  • Owner City State: Morrisville, NY
  • Owner Street Num Street Name: Po Box 940
  • Owner Zip Code: 13408
    Parking
  • Garage Spaces per Apt: No Garage Spaces
  • Parking Spaces per Apt: 2 Spaces
    Taxes and HOA Information
  • City Village Tax: $4,611
  • School Tax: $15,318
  • Town County Tax: $11,806
  • Area NYSWIS Code: Morrisville-Village-252601
Property
    Lot Information
  • Parcel Number: 252601-111-015-0001-051-000-0000
  • Num Of Acres: 13
  • Age Of Building: 40
  • Lot Dimensions Depth: 1242
  • Lot Dimensions Frontage: 16
  • Lot Shape: Irregular
  • Lot Information: Slope View
    Property and Assessments
  • Annual Special Assessment: $0
  • Assessed Value: $901,177
  • Year Built Description: Existing
  • Amenities Included: Coin Laundry, Security
  • Floor Description: Laminate-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Second Mortgage Home Equity Bala: $0
    Utilities
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Common
  • Water Resources: Public Connected
Interior and Exterior Features
    Exterior Features
  • Additional Exterior Features: High Speed Internet
  • Additional Structures: Barn / Outbuilding
  • Driveway Description: Blacktop, Common, Parking Area
  • Exterior Construction: Aluminum/Steel, Concrete Block, Frame
  • Roof Description: Asphalt
    Interior Features
  • Num Bedrooms 4 Th Floor: 0
  • Num Fireplaces Artificial: 0
  • Num Fireplaces Freestanding: 0
  • Num Fireplaces Gas: 0
  • Num Fireplaces Not Repto Code: 0
  • Num Fireplaces Other: 0
  • Num Fireplaces Pellet: 0
  • Num Fireplaces Total Calculated: 0
  • Num Fireplaces Woodburning: 0
  • Num Fireplaces Woodstoves: 0
  • Num Full Baths 4 Th Floor: 0
  • Num Half Baths 4 Th Floor: 0
  • Sq Ft Total: 43920
  • Basement Description: Partial
  • Heating Fuel Description: Electric, Gas
  • HVAC Type: Wall A/C Units-Some
  • Kitchen Equip Appl Included: In All Apartments, Oven/Range Electric-Some, Refrigerator
Multi Family
    Multi-Family Information
  • Special Conditions Call L Brk: No
  • Third Party Commentary Blog: No
  • Net Operating Income: $-31,735
  • Num Of Heating Units: 55
  • Income Expense Information: Projected, Provided By Owner
  • Operating Expenses Include: Electric, Exterior Maintenance, Gas/Oil, Insurance, Management, Repairs/Maintenance, Reserves For Replacement, Supplies, Utilities, Water / Sewer
Rental
    Rental Information
  • Num Of 1 Bedroom Apartment: 3
  • Num Of 2 Bedroom Apartment: 41
  • Num Of 3 Bedroom Apartment: 1
  • Num Of Studio Apartments: 0
  • Total Num Of Apartments: 55
  • Rent Includes: All Utilities

Property History for 55 East Main Street

DateEvent & SourcePriceAppreciation
Apr 29, 2021

Temporarily Off Market

WNYREIS #S1316130

Mar 16, 2021

Price Change

WNYREIS #S1316130

$2,950,000
Feb 12, 2021

Price Change

WNYREIS #S1316130

$3,200,000
DateEvent & SourcePrice
04/29/2021

Temporarily Off Market

WNYREIS #S1316130

03/16/2021

Price Change

WNYREIS #S1316130

$2,950,000
02/12/2021

Price Change

WNYREIS #S1316130

$3,200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 55 East Main Street


SchoolTypeGradesDistanceRating
Edward R Andrews Elementary SchoolPublicPK-50.3 mi
4
Morrisville Middle School High SchoolPublic6-123.1 mi
8

Edward R Andrews Elementary School

PK-5, 0.3 mi, Public

4

Morrisville Middle School High School

6-12, 3.1 mi, Public

8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bridgeway Residential Realty