Campus Lake Apartments | Student Housing
Situated on the Scenic Campus of St. Charles Community College
Marketing description
• Property Type: Purpose-built student housing for St. Charles Community College (SCC); Constructed in 2020
• Total Units/Beds: 36 units / 115 beds (designed for up to 131)
• Occupancy: ~98% in 2025, supported by SCC partnership and location
• Structure: All-electric building with a 100 kW solar array (approx. $24,000 annual energy savings)
• Leasehold Interest: Long-term ground lease through 2045 with two 25-year renewal options with the possibility of adding more extensions; SCC handles parking lot and grounds maintenance
• Unit Features: Fully furnished, in-unit laundry, stainless appliances, 55” TVs, high-speed internet
• Amenities: Study lounges, key fob access, community room, outdoor patio, fitness trail, bike racks
• Rental Upside: Rent growth averaging 4–6% annually; projected increase of $25–$50/bed/month by 2026–2027
• Expansion Opportunity: Site can accommodate ±60 additional beds (Phase II) with strong SCC support given enrollment trends and demand
• Exclusive Housing: Only on-campus residential option for SCC (~6,363 students)
• Location Highlights: St. Charles County is Missouri’s fastest-growing county, strong job base, and infrastructure
• 2026 Projected NOI: $586,514
• Sale Price: $7,950,000
Investment highlights
• Adjacent and affiliated with SCC – primary student housing provider
• Long-term ground lease with SCC including full maintenance
• Solar array saving approx. $24,000/year in utility costs
• Fully furnished units with all utilities, internet, and TV included
• Expansion opportunity for ±60 additional beds (Phase II)
• Growing international student demand and athletic program enrollment
• Consistent occupancy supported by SCC’s steady full-time student base
• 2026 Proforma NOI: $586,514
• Sale Price: $7,950,000
FUTURE UPSIDE
Income growth is likely over the next several years:
• High occupancy to date driven by location and SCC affiliation, with no formal marketing
• Post-COVID enrollment rebound complete after 5 years of operation
• Rents increased in 2024–2025; additional $25–$50/bed/month projected for 2026–2027 ($30K–$60K revenue potential)
• Stable operating expenses and increased deposit requirements will support income
EXPANSION OPPORTUNITY
• SCC has expressed interest in a Phase II development
• Plans for ±60 additional beds with more 1-bedroom configurations
• Enhances unit mix and rental income potential
• Maintains SCC partnership and operational support
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