Oneonta Hill City Student Rental Portfolio
Turn-Key Student Housing Portfolio | 3 Properties | ~9.5% Cap Rate | Strong In-Place Cash Flow | Ful
Marketing description
Welcome to Hill City Student Rentals. This three-property rental portfolio is a complete, buttoned-up investment opportunity with strong immediate cash flow at an exceptional cap rate of around 9.5%. Whether you are a solo investor, an institutional investor, a student or a family member of a student, this is truly a great opportunity. Offered as a package, we have 32 Ford Avenue, 8 Franklin Street, and 16-18 Myrtle Avenue all in Oneonta, NY and all proven and up-to-date, and fully permitted student housing. 32 Ford is a 2-unit with a total of 5 bedrooms. 8 Franklin Street is a single-family 3-bedroom with potential for a 4th bedroom conversion. 16-18 Myrtle is a large duplex with a grandfathered 10-person occupancy rate. This combination of properties creates a very unique, turn-key portfolio with strong NOI. Available furnished and leased for the upcoming school year, this is an investment that will cash flow right out of the gates and is not an opportunity you will want to miss.
Investment highlights
- 9.5% cap rate with immediate cash flow
- Turn-key, fully furnished, and leased for upcoming school year
- Three-property student housing portfolio in Oneonta, NY
- Proven, fully permitted rental assets with strong leasing history
- Diverse unit mix with 5BR 2-unit, 3BR (expandable), and 10-person duplex
- Strong NOI with stable, in-demand student housing fundamentals
- Value-add upside via potential bedroom conversion
- Rare, scalable portfolio suitable for both private and institutional investors
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