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Student Housing

Magnolia Reserve Apartments

1400 W Magnolia St, Valdosta, GA 31601

Listing Price: $21,618,796

Cap Rate
5.59%
Number of Units
120
GRM
11.12
Occupancy
94.0%
Price/Unit
$180,157

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Magnolia Reserve Apartments, a 2023/2024-built, 120-unit community situated on 9.30 acres and located in Valdosta, Georgia. The asset provides an outstanding opportunity to acquire a brand-new constructed asset, with
an advantaged location in Valdosta.

Located less than 1 mile from the Valdosta State University campus, as the
crow flies.

With occupancy levels near 95%, the asset presents ownership
the opportunity to jump right into the “student” market and push rents
higher due to such a strong underlying demand and superior location.

* 80-units of 2x2’s and 40-Units of 1x1’s with an average 1,039 SF per unit.
* Rents average $1.30 PSF * Gated Private Parking
* Fully Furnished * Pool w/ Sundeck
* In-unit Washer & Dryer * Property-wide Surveillance System
* Paid Utility Bill * Clubhouse

Investment Highlights

  • Brand New 2023-2024 Construction (80 2x2's and 40 1x1's)
  • Less than 1 mile from Valdosta State University Campus as the crow flies. Walk or Bike to Campus
  • Fenced & Gated, w/Surveillance System, Fully-furnished w/ In-Unit Washer & Dryer

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Student Housing

Magnolia Reserve Apartments

Listing Price: $21,618,796

Cap Rate
5.59%
Number of Units
120
GRM
11.12
Occupancy
94.0%
Price/Unit
$180,157

Investment Highlights

  • Brand New 2023-2024 Construction (80 2x2's and 40 1x1's)
  • Less than 1 mile from Valdosta State University Campus as the crow flies. Walk or Bike to Campus
  • Fenced & Gated, w/Surveillance System, Fully-furnished w/ In-Unit Washer & Dryer

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Magnolia Reserve Apartments, a 2023/2024-built, 120-unit community situated on 9.30 acres and located in Valdosta, Georgia. The asset provides an outstanding opportunity to acquire a brand-new constructed asset, with an advantaged location in Valdosta. Located less than 1 mile from the Valdosta State University campus, as the crow flies. With occupancy levels near 95%, the asset presents ownership the opportunity to jump right into the “student” market and push rents higher due to such a strong underlying demand and superior location. * 80-units of 2x2’s and 40-Units of 1x1’s with an average 1,039 SF per unit. * Rents average $1.30 PSF * Gated Private Parking * Fully Furnished * Pool w/ Sundeck * In-unit Washer & Dryer * Property-wide Surveillance System * Paid Utility Bill * Clubhouse

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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