Student Housing Property for Sale - The Courtyards, Gainesville FL

THE COURTYARDS (Click here for more info) Gainesville, Florida Type: Student Housing Multifamily Size: 91 Units/ 375 Beds Price: $18,000,000

• Irreplaceable Real Estate Directly Across the Street from the University of Florida – Tigert Hall (Main Admin Bldg)
• Strong Historical Occupancies
• 100% Leased with Parental Guarantees
• No Concessions
• Yearly Rental Rate Increases have Average of 5% for Past Five Years
• Potential for Future Redevelopment as an Urban Mixed Use (Retail + Apartments). Zoning Allows Retail/Restaurant Uses in Addition to (up to) 100 Residential Units Per Acre
• Portfolio of Four Additional Student Housing Properties Available Totaling 336 Units/ 754 Beds