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. The properties are 80% pre-leased for Fall 2021 at increased rates, and are expected to be 100% pre-leased before Thanksgiving, 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.