
Alfred Apartments Student Housing
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Alfred Apartments Student Housing
6 Multifamily Properties Offered at £1,110,970 in Multiple Locations



INVESTMENT HIGHLIGHTS
- 40 bed student housing apartment complex in 14 apartments with all separate utilities
- The Washington Post awarded Alfred the 2023 #1 College Town in America
- Alfred University possesses an international reputation in ceramic engineering
- Alfred is home to both Alfred University and Alfred State College
- Alfred is at the center of the US Northeast, a convenient and attractive college town for students from a wide region and around the world.
EXECUTIVE SUMMARY
Alfred Apartments in Alfred, NY; 40 beds in 14 apartments in the village of Alfred. Both 12 month and semester leases are accepted. Furnishings are available on a first come first serve basis. All the apartment utilities are separate including the heat, electric, and water. The student beds will be leased through the end of the Spring 2025 semester. The property has had 100% occupancy for 10+ years with 3% annual income increases.
The Village of Alfred is the quintessential historic New York college town in the foothills of the Allegheny Mountains in New York State’s southern tier, 60 miles south of Rochester. Alfred is home to both Alfred State College and Alfred University together with a total student population of 5,000. The Washington Post awarded Alfred the 2023 #1 College Town in America. Alfred University possesses an international reputation in ceramics engineering and research and is home to the Ceramic Corridor, a high-tech incubator project designed to take advantage of the emerging ceramics industry. Alfred University has announced plans to develop a new sports complex in the town of Alfred, the Saxon Hill project, will increase the University’s intercollegiate athletic offerings, boost student recruitment and retention, and increase enrollment. Alfred University was also recently awarded an Emerson Foundation Grant to support the construction of a new foundry to support the art and design and engineering programs.
The Village of Alfred is the quintessential historic New York college town in the foothills of the Allegheny Mountains in New York State’s southern tier, 60 miles south of Rochester. Alfred is home to both Alfred State College and Alfred University together with a total student population of 5,000. The Washington Post awarded Alfred the 2023 #1 College Town in America. Alfred University possesses an international reputation in ceramics engineering and research and is home to the Ceramic Corridor, a high-tech incubator project designed to take advantage of the emerging ceramics industry. Alfred University has announced plans to develop a new sports complex in the town of Alfred, the Saxon Hill project, will increase the University’s intercollegiate athletic offerings, boost student recruitment and retention, and increase enrollment. Alfred University was also recently awarded an Emerson Foundation Grant to support the construction of a new foundry to support the art and design and engineering programs.
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) |
ANNUAL |
---|---|
Gross Rental Income |
£173,176
![]() |
Other Income |
-
![]() |
Vacancy Loss |
£8,659
![]() |
Effective Gross Income |
£164,517
![]() |
Taxes |
-
![]() |
Operating Expenses |
-
![]() |
Total Expenses |
£64,464
![]() |
Net Operating Income |
£100,053
![]() |
TAXES & OPERATING EXPENSES (PRO FORMA - 2025)
Gross Rental Income | |
---|---|
Annual | £173,176 |
Other Income | |
---|---|
Annual | - |
Vacancy Loss | |
---|---|
Annual | £8,659 |
Effective Gross Income | |
---|---|
Annual | £164,517 |
Taxes | |
---|---|
Annual | - |
Operating Expenses | |
---|---|
Annual | - |
Total Expenses | |
---|---|
Annual | £64,464 |
Net Operating Income | |
---|---|
Annual | £100,053 |
PROPERTY FACTS
Price | £1,110,970 | Number of Properties | 6 |
Price / SF | £64.24 / SF | Individually For Sale | 0 |
Net Initial Yield | 9.01% | Total Building Size | 17,295 SF |
Sale Type | Investment | Total Land Area | 3.07 AC |
Status | Active |
Price | £1,110,970 |
Price / SF | £64.24 / SF |
Net Initial Yield | 9.01% |
Sale Type | Investment |
Status | Active |
Number of Properties | 6 |
Individually For Sale | 0 |
Total Building Size | 17,295 SF |
Total Land Area | 3.07 AC |
PROPERTIES
PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
---|---|---|---|---|
70 W University St, Alfred, NY 14802 | Multifamily | 2,094 SF | 1900 | - |
40 Main, Alfred Station, NY 14803 | Multifamily | 2,448 SF | 1900 | - |
50 Main, Alfred, NY 14802 | Multifamily | 4,216 SF | 1900 | - |
31 W University St, Alfred, NY 14802 | Multifamily | 2,685 SF | 1900 | - |
52 S Main St, Alfred, NY 14802 | Multifamily | 3,034 SF | 1900 | - |
17 Reynolds St, Alfred, NY 14802 | Multifamily | 2,818 SF | 1940 | - |
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Presented by
Brian Heine - Licensed Real Estate Broker
Alfred Apartments Student Housing
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