BEARKAT COTTAGES

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SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire BearKat Cottages. BearKat Cottages is located in Huntsville, TX and is conveniently situated 0.5 miles from the center of Sam Houston State University’s campus. BearKat Cottages was built in 2020 and consists of 37 Units and 152 Beds. Each unit is its own standalone cottage which offers a true home feeling for the students attending Sam Houston State University. BearKat Cottage’s interiors boast premium finishes such as stainless-steel appliances, raised panel cabinetry, granite countertops, stained concrete floors, washer/dryer appliances and bed/bath parity. BearKat Cottages offers the opportunity for a new buyer increase the current rents by 11.31% by furnishing all units and marketing the units to the tenant pool as fully furnished units.

Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.

37 | 152
UNITS | BEDS

64,203
SQFT

2020
YEAR BUILT

PRICED AT
MARKET BID

VITAL PROPERTY DATA

  • Property Addresses: 340 Bowers Blvd, Huntsville, TX

  • NUMBER OF UNITS: 37 Units

  • RENTABLE SQUARE FOOT: 64,203 SF

  • AVERAGE UNIT SIZE: 1,735 SF

  • NUMBER OF BUILDINGS: (37) Residential

  • LOT SIZE: 4.47 Acres +/-

  • FINANCING: Free and Clear

CLASS-A STUDENT HOUSING ASSET WITH RENTAL UPSIDE

  • Unique Class-A Cottage Style Student Housing Asset Consisting of 152-Beds/37-Units Built in 2020

  • Premium Unit Interior Finishes Include Stainless Steel Appliances, Stained Concrete Floors, Raised Panel Cabinetry, Granite Countertops and More

  • Value Add Opportunity of Furnishing all Units and Increasing Rents by 11.31%

  • In 2020, Sam Houston State University Announced a $236.6 Million Capital Improvement Project Slated to be Finished in 2026

  • Premier Location only 0.5 Miles (2-Minute Drive) to the Center of Sam Houston State University’s Campus Which Boasts an Enrollment of 21,404

  • Only 0.6 Miles (2-Minute Drive) to Sam Houston Avenue which is a Main Restaurant and Retail Corridor

  • 1.1 Miles (3-Minute Drive) to the Retail and Restaurants of Downtown Huntsville

PREMIER STUDENT HOUSING LOCATION

  • 1-Minute to Elliot T. Bowers Stadium (Home of BearKat Football)

  • 1-Minutes to Sam Houston State University (21,725 Total Enrollment)

  • 2-Minutes to Sam Houston Ave (Major Retail/Restaurant Thoroughfare)

  • 3-Minutes to Downtown Huntsville Retail and Restaurants

  • 5-Minutes to Timberhill Plaza (Starbucks, Walmart, West Hill Mall)

  • 6-Minutes to Ravenwood Village Shopping Center (Target, Kroger, Etc.)

  • 7-Minutes to Huntsville Memorial Hospital and Medical Office Park

HUNTSVILLE, TX: AT A GLANCE

  • Home to #6 Public College in Texas in 2021 (U.S. News & World Report)

  • $236M Capital Improvement Project Underway at Sam Houston State

  • 19.18% Population Growth in 10 Years (U.S. Census Bureau)

  • 5.3% Unemployment Rate

  • 24.4% Projected 10-Year Job Growth (Huntsville, Tx Gov. Strategic Plan)

  • 45,941 Huntsville Population (U.S. Census Bureau)

DEAL TEAM CONTACTS

Benjamin Skinner
Associate Director | Senior Investment Associate
O. (407) 557-3889
Benjamin.Skinner@marcusmillichap.com

Matthew Prozzillo
Associate Director | Senior Investment Associate
O. (407) 557-3888
Matthew.Prozzillo@marcusmillichap.com

Contact an Agent Listed Above to Schedule Property Tours