241 Louis St.

• 99.0% occupied student housing portfolio
• Majority single-family rental (SFR) with additional multi-unit buildings
• Opportunity to redevelop select parcels into higher-density student housing
• Third-party management in place
• 1,848 licensed beds / 1,589 Bedrooms
• 228 total properties
• $1,204,000 projected monthly revenue potential in 2024-25

Property Description

NAI Farbman is pleased to offer the opportunity to acquire a significant assembly of student housing at Michigan State University. The portfolio consists of Single-Family Rentals (SFRs), Apartment properties, and multiple commercial and vacant parcels within walking distance to campus. Many existing rentals are clustered together, offering the opportunity to redevelop parcels into higher-density student housing when the timing is best. The portfolio is offered with 3rd-party management in place, allowing for investors without local scale to enter the market easily without having to build a team. This is a rare opportunity for investors looking to put significant capital to work in a highly stable portfolio of assets in an irreplicable location.