SUNY Plattsburgh Student Housing Portfolio 84,86,88 Broad St
Stabilized Student Housing Across from SUNY Plattsburgh with Strong Cash Flow
Marketing description
Broad Street Student Housing Portfolio | 3 Properties | 84–88 Broad Street
Offered for sale is the Broad Street Student Housing Portfolio, a three-property, fee-simple multifamily package consisting of 84, 86, and 88 Broad Street. The portfolio is strategically positioned to serve the local student population and offers investors stable in-place cash flow, operational efficiency, and long-term demand driven by proximity to nearby colleges and universities.
The properties are established, income-producing assets with a proven rental history supported by trailing financials. Units are well-suited for student housing operations, offering functional layouts, consistent leasing performance, and strong absorption during the academic year. The portfolio benefits from diversified unit mix across three buildings while maintaining centralized management and operational scale.
This offering represents an attractive opportunity for investors seeking a Class B student housing portfolio with immediate income, conservative underwriting, and potential upside through rental growth, operational optimization, and continued demand for off-campus student housing.
The properties are being offered as a package, allowing buyers to acquire multiple assets in a single transaction and benefit from portfolio-level efficiencies.
Offering Highlights:
Three-property student housing portfolio
Fee simple ownership
Established operations with historical financials
Strong student rental demand
Portfolio scale with operational efficiencies
Attractive long-term hold in a stable rental market
Additional financial information available upon request.
Investment highlights
Prime student housing location near SUNY Plattsburgh – Walkable proximity to campus supports consistent, high-demand off-campus leasing.
Three neighboring properties on Broad Street – Concentrated portfolio on a proven student housing corridor with strong tenant demand.
Strong historical occupancy – Track record of stable leasing performance driven by sustained student demand.
Predictable student leasing cycles – Academic-year leasing provides reliable turnover and income visibility.
Stable rent roll with consistent collections – Per-student rent structure delivers dependable cash flow.
Well-maintained buildings – Maintained for durability, safety, and long-term operational efficiency.
Turnkey operation with existing processes in place – Established systems allow for immediate, hands-off ownership.
Opportunity for future rent growth – Favorable market dynamics support continued rental upside.
Scheduled rent increases of approximately $100 per student per semester are planned for the upcoming academic year, providing near-term upside.
1031 Exchange Friendly Asset — stabilized income, clean operating history, and clear close timeline
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