Strong In Place Cash Flow: The property was 99% leased for the current academic year (2025/2026) and already 94% preleased for the upcoming academic year (2026/2027) making for consistent, immediate cash flow
Walkable To Campus: Located within steps to the University of South Alabama, providing highly desirable off-campus housing with optimal convenience
Premium Amenities & Finishes: All units include granite countertops, stainless steel appliances, polished concrete floors, 9-foot ceilings, and full size washer & dryers while also featuring full front porches and private backyard spaces, enhancing appeal and livability.
Boutique Style Living With Cottage Style Construction: Property features detached style cottages that provide enhanced privacy, individual entrances, and a true neighborhood feel that is unique living experience for students
Long Term Growth and Upside Potential: Rents are up conservatively 4.2% through preleasing with no new construction in the pipeline creating the fundamentals for consistent year-over-year rent increases as enrollment continues to grow
Proximity to National Retailers: Convenient access to Target, Walmart Supercenter, and Publix, providing tenants with immediate access to everyday shopping and essentials
Photos
Location
Agents
Broker of Record
Hutt Cooke
License # 000110253 - 0, 000168807-0 (AL)
Matthews Real Estate Investment Services, Inc 1600 West End Ave, Ste. 1500 Nashville, TN 37203