UCONN Student Housing Portfolio 5 biens | Immeuble residentiel | À vendre | 33 226 831 € | Storrs Mansfield, CT

UCONN Main Campus, Storrs, CT. 283 units off-campus student housing. Five (5) property Portfolio strategically located in close proximity to each other for central and efficient leasing, management and maintenance. High demand low-supply off-campus rental market with only +/- 12,000 on-campus beds and the need to serve close to 27,000 on-campus students. 203 Units are walking distance to campus with access to either on-campus shuttle or University bus service which operates day and night and serves all students at no cost. High occupancy/high collections market as demand far exceeds supply and parents co-sign or guarantee leases. 104 units/beds comprise modern and recently created and highly desirable “Quad” units where four (4) students lease private bedrooms and share modern facilities including high end kitchens, bathrooms and expansive common living room at premium rent. In all units except Quads, resident students pay their own individual utilities. Internet provided to resident students free of charge. 144 units have recent Premium Upgrades. This portfolio enjoys the benefit of substantial annual rent growth and income add potential as rents have consistent uptrend due to supply/demand conditions and insignificant new construction with high barriers of entry and costs to build. Substantially higher rents for the limited new construction student housing in this marketplace are proving to be a rising tide of increasing rents for existing units, including this portfolio, as students choose economy over luxury.
This portfolio offers a rare opportunity to own the dominant off-campus student housing portfolio at the University of Connecticut Main Campus where entrance opportunities are seldom available.