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Student Housing

The Laurel

1 Grove Street, Dahlonega, GA 30533

Listing Price: Request For Offer

Number of Units
76
Occupancy
96.5%
Gross SF
39,150

Investment Overview

Marcus & Millichap is pleased to present The Laurel, a luxury student housing community in Dahlonega, Georgia, home of the University of North Georgia. The property is being constructed in stages. Phase one, consisting of 40 bedrooms, was completed in 2020. Phase two, consisting of 36 bedrooms, is under construction and slated to deliver before the fall semester begins. Both phases are 100% pre-leased for the 2022/2023 academic year. The Laurel is easily the highest quality property in the market, and features an excellent location, being less than one mile from campus. The location allows residents to walk or bike to campus and offers convenient access to restaurants and bars in picturesque downtown Dahlonega. The Laurel is comprised of five duplex buildings and one attached building that contains nine units. Each unit, whether duplex or attached, contains four bedrooms. Each bedroom has its own bath and an additional half-bath on the main level for guest use. The property is constructed with low-maintenance, high-quality materials. Exterior walls are Hardy Panel and the common areas feature vinyl plank flooring. Stackable washers and dryers are provided. Ceilings are nine feet and the buildings feature wet sprinkler systems. Kitchens feature stainless steel appliances, granite countertops and decorative tile backsplashes. Each unit has a covered deck as well as an electric fireplace. All utilities are provided; however, the tenants pay an additional $95 monthly fee per bedroom to offset the cost of utilities. Additionally, should the utility cost exceed the amount covered by the fee, the landlord bills the tenant back for any excess utility cost.

Investment Highlights

  • Outstanding Location - Less than One Mile from Campus
  • Bed/Bath Parity, Plus an Additional Half-Bath for Guest Use
  • High Quality/Low-Maintenance-Hardy Panel and Stacked Stone Exterior
  • Vinyl Plank Flooring in Common Areas; Granite Countertops in Kitchen
  • Stainless Steel Appliances; Stackable Washer/Dryer Provided

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Student Housing

The Laurel

Listing Price: Request For Offer

Number of Units
76
Occupancy
96.5%
Gross SF
39,150

Investment Highlights

  • Outstanding Location - Less than One Mile from Campus
  • Bed/Bath Parity, Plus an Additional Half-Bath for Guest Use
  • High Quality/Low-Maintenance-Hardy Panel and Stacked Stone Exterior
  • Vinyl Plank Flooring in Common Areas; Granite Countertops in Kitchen
  • Stainless Steel Appliances; Stackable Washer/Dryer Provided

Investment Overview

Marcus & Millichap is pleased to present The Laurel, a luxury student housing community in Dahlonega, Georgia, home of the University of North Georgia. The property is being constructed in stages. Phase one, consisting of 40 bedrooms, was completed in 2020. Phase two, consisting of 36 bedrooms, is under construction and slated to deliver before the fall semester begins. Both phases are 100% pre-leased for the 2022/2023 academic year. The Laurel is easily the highest quality property in the market, and features an excellent location, being less than one mile from campus. The location allows residents to walk or bike to campus and offers convenient access to restaurants and bars in picturesque downtown Dahlonega. The Laurel is comprised of five duplex buildings and one attached building that contains nine units. Each unit, whether duplex or attached, contains four bedrooms. Each bedroom has its own bath and an additional half-bath on the main level for guest use. The property is constructed with low-maintenance, high-quality materials. Exterior walls are Hardy Panel and the common areas feature vinyl plank flooring. Stackable washers and dryers are provided. Ceilings are nine feet and the buildings feature wet sprinkler systems. Kitchens feature stainless steel appliances, granite countertops and decorative tile backsplashes. Each unit has a covered deck as well as an electric fireplace. All utilities are provided; however, the tenants pay an additional $95 monthly fee per bedroom to offset the cost of utilities. Additionally, should the utility cost exceed the amount covered by the fee, the landlord bills the tenant back for any excess utility cost.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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