Oswego Multifamily for Sale - Oswego County
The Syracuse Metro Area is currently experiencing unprecedented growth. Micron recently broke ground on a new $100 BILLION Megafab Complex that represents the largest private investment in New York State History and one of the largest single semiconductor manufacturing projects in US History.
The facility will employ thousands of construction workers over the next ten years, ultimately creating over 5,000 jobs plus an additional 50,000 jobs in related industries throughout the region. Market rate housing units are already in high demand in the area, and such demand will grow exponentially in just a few short years.
The Micron Complex is located just 30 miles from Lakeside Commons.
Lakeside Commons is an institutionally-built student housing community with 84 units and 320 beds/320 bathrooms located adjacent to the SUNY Oswego Campus, in Oswego County, New York – part of the Syracuse Metro Area. The property is well suited for a conversion to a market-rate apartment setup as the demand for new market rate housing units in the greater Syracuse SMA will only continue to grow due to the investments mentioned above.
Other significant investment in the Syracuse MSA include a $10 Billion expansion of the existing upstate New York Nuclear Facilities located in Oswego County. THe
The two-level, townhome-style property was built in 2018 and comprises 12 apartment buildings constructed of wood frame with vinyl panel siding and pitched composition roofs. The property is situated on 7.4 professionally landscaped acres and features lake views.
Lakeside Commons offers a variety of two-, four-, and six-bedroom floor plans that feature numerous comforts amongst modern amenities, including private bedrooms and bathrooms; electronic door locks; large gourmet kitchens, fully furnished living areas; and full-size washers and dryers. At the Property’s apex is a state-of-the-art, luxury clubhouse featuring a great room with a fireplace, a fully equipped fitness center, a full kitchen and dining area, and the Genius Lab® study lounge.
— Purpose-Built Student Housing Property: Built in 2018, Class A Property featuring 12 Townhome-Style Buildings; 320-Bed, 84-Unit Community Adjacent to SUNY Oswego
— Diverse Unit Mix: Two-, Four-, and Six-Bedroom Unit Floor Plans; Bed/Bath Parity
— Desired Unit Features: Fully-Furnished Living Areas, Modern Kitchens with Stainless Steel Appliances and Granite Countertops, In-Unit Washer/Dryer
— Community Amenities: Luxury Clubhouse, Community Kitchen, Dining Area with Booth-Style Seating, “Genius Lab® Study Lounges, Fully-Equipped Fitness Center, Outdoor Courtyard with Fire Pits, and Basketball Court
— State University of New York (SUNY Oswego): Premier Public University in Central New York; 700-Acre Lakeside Campus; ±$1B in Campus Investments
— Off-Campus Housing Demand: Enrollment of 6,760± Students; 3,750± Students Live Off Campus
— Barriers to Entry Student Market: Only Purpose-Built Student Housing Property in Market; No Project in Pipeline for Off-Campus Development
— Vibrant Location in Oswego: Central New York Location Situated along the Southeastern Shore of Lake Ontario; Proximity to Downtown Oswego and Syracuse; Convenient to Shops, Public Parks, and Entertainment Venues
