Student Housing

Campus Creek Apartments

Listing Price: $37,400,000

Cap Rate
7.56%
Number of Units
172
Occupancy
90.00%
Price/Unit
$217,442
Price/Gross SF
$154.08
Gross SF
242,736

Investment Overview

The Campus Creek Townhomes & Cottages are two Multifamily (Student Apartment) properties totaling 172 units and containing 680 beds. In 2019 both properties were 100% occupied and are already 50% leased for the 2020 fall semester. This opportunity includes an additional 40 cottages units, 160 beds, and 10.25 Acres of land already zoned for.

Investment Highlights

  • The property is located approximately 0.5 miles away from the Ferris State University campus with enrollment of over 15,000 undergrad and graduate students
  • Cottages are some of the newest housing on campus with each tenant having private bathroom and common area
  • Townhomes are one of the most affordable student apartment complexes at FSU and completely renovated in 2018

Exclusively Listed By

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

Financing By

Student Housing

Campus Creek Apartments

Listing Price: $37,400,000

Cap Rate
7.56%
Number of Units
172
Occupancy
90.00%
Price/Unit
$217,442
Price/Gross SF
$154.08
Gross SF
242,736

Investment Highlights

  • The property is located approximately 0.5 miles away from the Ferris State University campus with enrollment of over 15,000 undergrad and graduate students
  • Cottages are some of the newest housing on campus with each tenant having private bathroom and common area
  • Townhomes are one of the most affordable student apartment complexes at FSU and completely renovated in 2018

Investment Overview

The Campus Creek Townhomes & Cottages are two Multifamily (Student Apartment) properties totaling 172 units and containing 680 beds. In 2019 both properties were 100% occupied and are already 50% leased for the 2020 fall semester. This opportunity includes an additional 40 cottages units, 160 beds, and 10.25 Acres of land already zoned for.

Exclusively Listed By

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

Financing By

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