—Walk-to-Campus Location: ~10-Minute walk to Sam Houston State University Campus and is adjacent to Elliott T. Bowers Stadium
—Stabilized, Cash-Flowing Asset with Mark-to-Market Upside: Property is currently leased on a by-the-bed basis and the pre-leasing velocity is strong
—Captive, Growing Demand Base: Sam Houston State University has a total enrollment of ~21,000 students, with roughly 78% of undergraduates living off-campus and on-campus housing structurally limited to ~4,100 beds. SHSU’s recent move to Conference USA further elevates the University’s regional profile and athletic visibility
—Newly Constructed, Premium Product: Built in 2021, the cottage community offers granite countertops, stainless steel appliances, concrete and wood-style flooring, high 9-foot ceilings, full-size washers and dryers, walk-in closets, and private bathrooms in every bedroom – a finish package that consistently outperforms the traditional garden-style competition in the SHSU submarket
—Efficient, Low-Overhead Operations: The cottage format has minimal common-area and shared-amenity space to maintain, residents pay their own electric and water, and the asset requires little to no near-term capital expenditure – driving lower expense load and simpler management oversight than traditional student communities
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Student Housing |
| Price: | $8,250,000 |
| No. of Units: | 37 |
| Building Size: | 64,203 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $222,973 |
Sponsored by:
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Re/Max Real Estate Professionals | New York
Central CA Commercial | California
Recckio Real Estate & Development
Avison Young - CA - ON - Greater Toronto
California
California