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Student Housing

The Laural

534 Elm St, Troy, AL 36081

Listing Price: Request For Offer

Number of Units
48
Occupancy
96.5%
Gross SF
22,788

Investment Overview

Marcus & Millichap is pleased to present The Laurel, a luxury student housing community in Troy, Alabama. The property is new construction, having been completed in mid-2021. The property is now 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-quarter mile from both campus and sorority row. The location allows residents to walk or bike to campus and convenient access to restaurants and bars in downtown Troy. The Laurel is comprised of six duplex buildings, with each unit containing four bedrooms. Each bedroom has its own bath and there is an additional half-bath on the main level for guest use. The property was built 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 on both levels 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 fee per bedroom to offset the cost of utilities to the owner. Additionally, should the utility cost exceed the amount covered by the fee, the landlord bills the tenant back for any excess cost.

Investment Highlights

  • Outstanding Location - Less than 1/4 Mile from Campus and Sorority Row
  • 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

Student Housing

The Laural

Listing Price: Request For Offer

Number of Units
48
Occupancy
96.5%
Gross SF
22,788

Investment Highlights

  • Outstanding Location - Less than 1/4 Mile from Campus and Sorority Row
  • 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 Troy, Alabama. The property is new construction, having been completed in mid-2021. The property is now 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-quarter mile from both campus and sorority row. The location allows residents to walk or bike to campus and convenient access to restaurants and bars in downtown Troy. The Laurel is comprised of six duplex buildings, with each unit containing four bedrooms. Each bedroom has its own bath and there is an additional half-bath on the main level for guest use. The property was built 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 on both levels 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 fee per bedroom to offset the cost of utilities to the owner. Additionally, should the utility cost exceed the amount covered by the fee, the landlord bills the tenant back for any excess cost.

Exclusively Listed By

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