Listed by Broadstreet Partners LLC
$6,500,000
The Landing at Western
Details
APN 7549-92-5935
Property Type Multifamily
Sub Type Student Housing
Square Footage 39,606
Units 19
Beds 80
Cap Rate 6.60%
NOI $426,520
Broker Co-Op No
Year Built 2018
Buildings 19
Acreage 3.120
Parking Spaces 100 spaces
Parking Per SqFt 2.52
Multifamily | 19 Units | 80 Beds | $6,500,000
Marketing description
A stabilized 19 unit and 80 bed student housing community in Cullowhee, North Carolina. The project consists of high-quality construction cottages located in a private enclave setting just minutes walking distance from the campus of Western Carolina University. This project offers an investor the opportunity to own one of the most sought-after product types in the student housing sector that is also pedestrian friendly to campus.
Investment highlights
High Barrier to Entry Market
Strong Student Enrollment Growth
Preferred Housing Type
Operational Efficiency
Strong Rent Growth Trajectory
Limited Competition
Listing Contacts
Listed by Broadstreet Partners LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$426,520.00
$35,543.33/mo
Valuation Metrics
0
DSCR
6.56%
Cap Rate
6.56%
ROI
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