Student Housing Investment Property - A portfolio consisting of a total of 51 apartments (96 bedrooms) - Here's an opportunity that rarely occurs. Student Housing is in Huge demand, but it's hard to find renovated properties, that need no work and are a very short walk to campus. We're also including our brand new 28 unit apartment building which was just completed and opened Sept 2016 which is directly across the street from campus. Here are some details (we can also sell a portion of the portfolio)
Location - Frostburg State University in Maryland (note: we've been managing all of our student rentals from Florida for the past 15 years, so you don't need to live in Frostburg)
Here's our portfolio - it's a total of 5 apt buildings....
--- brand new 28 unit apt building (42 bedrooms) - built Sept 2016, directly across the street from campus - it's the closest apt building to campus - (14) 1 bedroom apts, (14) 2 bedroom apts for a total of 42 bedrooms.
--- 12 unit apt building (24 bedrooms) - recently renovated. 150 feet to campus. Directly behind our new building. (1) 3 bedroom apt, (10) 2 bedroom apts, (1) 1 bedroom apt
--- 3 unit apt building (7 bedrooms) - recently renovated. 150 feet to campus. Directly behind our new building. (1) 3 bedroom apt, (2) 2 bedroom apts
--- 6 unit apt building (16 bedrooms) - recently renovated - 1 block to campus. (4) 3 bedroom apts, (2) 2 bedroom apts
--- 2 unit apt building (7 bedrooms) - recently renovated - 1 block to campus. (1) 4 bedroom apt, (1) 3 bedroom apt
--- Office - directly across the street from campus
If you're looking for a smaller portfolio, we can also sell you only the 2 and 6 unit apt building as a package for $1,150,000.
Feel free to look at all of our rental properties at www.RentFrostburg.com, to see more pictures of our apartments.
All of our properties were recently renovated, in great condition, have stainless steel appliances, upgraded maple cabinets, granite in bathroom, wood plank flooring, name brand faucets and fixtures, etc... these don't look like your typical student rental. Most student rentals need tons of work, which means a lot of money, a lot of your time plus a lot of lost rent, because you can't rent an apartment while you're renovating it. Our apartments are ready to go, extremely close to campus and the students love them.
For the past 15 years, we've been living in Florida and have been managing all of our student rentals from there....I can show you how we do it plus this can give you the opportunity to own a better quality investment vs what you might be able to find in your area.
We can also provide income and expenses, if you'd like more information.