Listed by Franklin Street
$7,995,000
Park West Apartments
Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 19,177
Net Rentable (SqFt) 19,177
Units 18
Beds 53
NOI $466,622
Occupancy 96%
Year Built 2017
Buildings 18
Stories 2
Acreage 3.900
Zoning SCO & NR
Investment Type Stabilized
Sale Condition N/A
Strong Rent Growth and Recent Upgrades
Marketing description
This offering represents the opportunity to acquire a student housing community in Oxford, Mississippi, at Ole Miss. Park West Apartments is a 18-unit, 53-bed cottage-style community with 2Bed/2Bath & 3Bed/3.5Bath units built in 2017.
Park West Apartments offers amenities to its residents including a swimming pool and modern unit amenities including hardwood-style flooring, granite counters, stainless steel appliances, in-unit laundry, and private patios.
Investment highlights
- 18-Unit, 53-Bed Student Housing Community
- Modern Units Built in 2017
- Simple but Desirable Amenities: Garage Parking, Large Green Spaces and Resort-Style Swimming Pool.
- Minimal Management Responsibilities
- Current Rents are Below Market, Ownership Plans to Increase Rents to over $1,090 Per Bed for AY 2026-27
- AY 2026-27 Pre-Lease Rents are Over 40% Higher than AY 2025-26 Rents
- Located at Ole Miss, a Power Four University
- #5 Student Housing Market in the Nation According to College House
- 5.2% Enrollment Growth in 2025-26, 16% Growth Since 2023-24
Listing Contacts
Listed by Franklin Street
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$466,622.00
$38,885.17/mo
Valuation Metrics
0
DSCR
5.84%
Cap Rate
5.84%
ROI
Map
Zoning
A-1 AgricultureRural
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View all 18 uses
View all 18 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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