Student Housing
ALTURA Student Living
400 Putnam Dr, Tallahassee, FL 32301
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to offer to qualified investors, ALTURA Student Living, a 320-bed student housing asset located in Tallahassee, FL. Built in 2003, ALTURA Student Living offers tenants spacious four-bedroom/four-bathroom units with 1,596 rentable square feet. In 2023, ALTURA Student Living went through a multi-million dollar renovation plan where all units were renovated with best-in-class unit interior renovations, remodeled clubhouse and exterior renovations. ALTURA Student Living also boasts the largest on-site amenity set within the Florida A&M submarket.
ALTURA Student Living
Investment Highlights
- 320-Bed Student Housing Asset Located in Heart of Tallahassee with Close Proximity to Florida A&M University and Florida State University
- Equipped with Best-In-Class Renovations, A New Investor can Immediately Achieve Rental Premiums with No Physical Value-Add Component Required
- ALTURA Student Living Boasts the Largest Amenity Set in the FAMU Submarket, providing a Monopolization of Luxury Student Housing in the Immediate Market
- After Receiving A Multi-Million-Dollar Renovation In 2023, Altura Student Living Has Been Through Two Leasing Cycles, Garnering 95%+ Occupancy And 100%+ Prelease Occupancy For The 2024/2025 Academic Year Along With 19.96% Y-O-Y Rent Growth
- Located Within 0.3 Miles of FAMU's Campus, ALTURA Student Living is One of the Premier Options for FAMU Students that still want Off-Campus Housing with Walking Distance to Campus Events and Classes
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- 320-Bed Student Housing Asset Located in Heart of Tallahassee with Close Proximity to Florida A&M University and Florida State University
- Equipped with Best-In-Class Renovations, A New Investor can Immediately Achieve Rental Premiums with No Physical Value-Add Component Required
- ALTURA Student Living Boasts the Largest Amenity Set in the FAMU Submarket, providing a Monopolization of Luxury Student Housing in the Immediate Market
- After Receiving A Multi-Million-Dollar Renovation In 2023, Altura Student Living Has Been Through Two Leasing Cycles, Garnering 95%+ Occupancy And 100%+ Prelease Occupancy For The 2024/2025 Academic Year Along With 19.96% Y-O-Y Rent Growth
- Located Within 0.3 Miles of FAMU's Campus, ALTURA Student Living is One of the Premier Options for FAMU Students that still want Off-Campus Housing with Walking Distance to Campus Events and Classes
Investment Overview
Marcus & Millichap is pleased to offer to qualified investors, ALTURA Student Living, a 320-bed student housing asset located in Tallahassee, FL. Built in 2003, ALTURA Student Living offers tenants spacious four-bedroom/four-bathroom units with 1,596 rentable square feet. In 2023, ALTURA Student Living went through a multi-million dollar renovation plan where all units were renovated with best-in-class unit interior renovations, remodeled clubhouse and exterior renovations. ALTURA Student Living also boasts the largest on-site amenity set within the Florida A&M submarket.
Exclusively Listed By
Financing By
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