101 Ruthie Cv 10 Lot Offre d’immeuble d’habitation à 3 665 200 € Oxford, MS 38655

-Units: 10
-Beds: 30
-Year Built: 2017
-Avg Unit Size: 1,520 sq feet
-Parking: Fully parked (1/1 parking ratio)
-Current Avg Rent: $700/bed
- ~11.4% increase from AY 23-24
-Potential Average Rent: $900/bed
- ~28.6% increase from AY 24-25
-Financing: Free and Clear
LOCATION
This subject property is situated in a highly sought after area that is located only one mile from The University of Mississippi and adjacent to a major restaurant, shop and bar corridor. This community combines for +/- 15,200 SF of rentable living space. Strategically located, these properties offer residents quick and easy access to the heart of campus and the local social corridor. Dick’s Sporting Goods, Home Depot, Chick-fil-A and other staple restaurants and shops are pedestrian to the property.
Premium Finish Levels
This property package offers the highest living standards for student housing that Oxford has to offer. These features include: stained concrete floors, quartz countertops with tile backsplash, glass door kitchen cabinets, stainless steel appliances, pendant lighting, large porches and floor plans that average 1,520 sq feet. Each unit also has a private back porch.
MARKET
The University of Mississippi’s enrollment for Fall 2025 is now at 24,043 students and has increased by 2,385 students in only one year. Over the past five years, Ole Miss’s enrollment has grown by over 14%. Due to the growing enrollment and limited number of on-campus beds, the University of Mississippi has entered into six different master leases with privately owned off-campus student properties.
RENTAL GROWTH OPPORTUNITY
Centerline Row has been 100% occupied since inception and is currently 100% pre-leased for AY 25-26. Total annual rental income amounts to approximately $252,000 ($700/bed) which is a 11.4% increase from AY 23-24 and is projected to grow to $324,000 ($900/bed) which is a 28.6% increase from AY 24-25. These properties are under rented as comparable properties that are pedestrian to campus are charging 11.69% ($105.21 more per bed) for their 3BR floor plans. There is also an opportunity for additional income
by furnishing the property, getting a bulk internet package, and offering individual leases as opposed to joint
and several leases.