Courtesy of: Cheyna Griggs, eXp Realty LLC, cheyna.griggs@exprealty.com
Courtesy of: Cheyna Griggs, eXp Realty LLC, cheyna.griggs@exprealty.com
$3,885,000
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89 bed
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50,000 square feet
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37.00 Bath (32 Full , 5 Half)
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Lot: 2.40 Acres
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Other
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$3,885,000
110 Grand Avenue Rare Student Housing Investment Portfolio! Exceptional opportunity to acquire a turnkey, 50 year portfolio of 13 strategically located properties serving PennWest University. This established investment includes 89 bedrooms, 32 full baths, and 5 half baths with a proven history of stable occupancy and consistent cash flow. The sale includes the real estate, personal property, established website, signage, and a well-recognized student housing brand. Historically offering an estimated 9.7% cap rate based on current operating performance and asking price, this portfolio offers investors an established business with immediate income potential and long-term stability. Properties are conveniently located near campus, providing strong rental demand year after year. A rare opportunity to acquire a professionally operated student housing portfolio with an established reputation. Financial information available to qualified buyers upon execution of a confidentiality agreement.
Courtesy of: Cheyna Griggs, eXp Realty LLC, cheyna.griggs@exprealty.com
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