SOUTHEAST STUDENT PORTFOLIO
SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire the Southeast Student Portfolio. This portfolio includes BearKat Cottages located in Huntsville, TX, Cherry Street Cottages located in Springfield, MO, Jaguar Cottages located in Mobile, AL, Tiger Cottages located in Baton Rouge, LA and Utopia Cottages located in Pensacola, FL. Each property is within a half mile from their respective universities and consist of all cottage style units built in 2020 & 2021. Each properties unit interiors boast premium finishes such as stainless-steel appliances, raised panel cabinetry, granite countertops, stained concrete floors/vinyl plank floors, washer/dryer appliances and bed/bath parity. This portfolio offers an investor the opportunity to potentially increase rents by 11.95% (blended average) by furnishing the unit interiors and marketing the units to the tenant pool as fully furnished units. This portfolio (92 units/342 Beds) can be purchased as a portfolio or individually. Please contact listing agents Matthew Prozzillo & Benjamin Skinner for more information.
Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.
92 | 342
UNITS | BEDS
143,933
SQFT
2020 & 2021
YEARS BUILT
PRICED AT
MARKET BID
VITAL PROPERTY DATA
Property Addresses: Multiple Addresses
CITY/STATE: Huntsville, TX, Springfield, MO, Pensacola, FL, Mobile, AL, Baton Rouge, LA
NUMBER OF UNITS: 92 Units
NUMBER OF BEDS: 342 Units
RENTABLE SQUARE FOOT: 143.933 SF
AVERAGE UNIT SIZE: 1,531 SF
NUMBER OF BUILDINGS: (92) Residential
FINANCING: Free and Clear
CLASS-A STUDENT HOUSING ASSET WITH RENTAL UPSIDE
Unique Class-A Cottage Style Student Housing Asset Consisting of 342-Beds/92-Units
Built in 2020 & 2021
Premium Unit Interior Finishes Include Stainless Steel Appliances, Stained Concrete Floors/Vinyl Plank Flooring, Raised Panel Cabinetry, Granite Countertops and More
Value Add Opportunity of Furnishing all Units and Potentially Increasing Rents by 11.95% (blended average)
Premier Locations within 0.5 Miles of Each Properties Respective University
Ability to Acquire Scale Within Southeast Student Housing Markets
UNIVERSITIES SERVED
Sam Houston State University (21,725 Total Enrollment)
University of South Alabama (14,222 Total Enrollment)
Missouri State University (23,504 Total Enrollment)
Louisiana State University (34,385 Total Enrollment)
University of West Florida (13,075 Total Enrollment)
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