RARE OPPORTUNITY IN A TIGHTLY OWNED MARKET
Over 50% of all beds in the University Residential District are held by just 9 owners.
IMMEDIATE, RELIABLE, PASSIVE CASH FLOW
The portfolio is 100% occupied, currently generating >$33,000 in monthly rental revenue. Caplewood and 14th Ave are 100% pre-leased for Fall 2021 at increased rates, meaning revenue through July of 2022 will be accounted for prior to close.
All properties are in prime locations, just 0.3 miles from campus, in a market averaging over 7% annual rent growth over the last 10 years.
LARGE, HIGH-GROWTH STUDENT MARKET
Enrollment at The University of Alabama’s is currently over 38,000 students, and has grown an average of 4.1% annually over the past 15 years. Within 0.5 miles of campus, occupancy has averaged 98.6%.
NEW, QUALITY CONSTRUCTION
All units were built or renovated within the past 8 years with minimal upkeep finishes, such as granite countertops and tile floors.