The Quarters On Luther
For sale701 Luther W St, College Station, TX 77840
Property type
Multifamily, Student Housing
Year built
2009
Occupancy
100%
Number of buildings
4
Bedroom count
Property description
This offering represents the opportunity to acquire a student housing community in College Station, Texas, at Texas A&M University. Quarters on Luther is a 30-unit, 60-bed community with two-bed units with bed-bath parity built in 2009. Units are modern with stainless steel appliances, granite counters, and hardwood-style flooring. Units at this community could be condo-ed out. Condo-ing units and selling them individually could maximize the value of the property. This offering represents 100 percent fee-simple interest in Quarters on Luther, free and clear of any debt. Broker of Record Darron Kattan Mississippi BOR License No. B-20292 Firm License No. 23871 813-839-7300 FSIVS@FranklinSt.com Franklin Street Real Estate Services LLC
Property highlights
- 30-Unit, 60-Bed Student Housing CommunityQuarters on Luther is a 30-unit, 60-bed community with two-bed units with bed-bath parity built in 2009.
- Modern Unit InteriorsUnits are modern with stainless steel appliances, granite counters, and hardwood-style flooring.
- At Texas A&M UniversityQuarters on Luther is well-located in close proximity to Texas A&M’s campus, especially close to Reed Arena and Kyle Field. This property is better located than a lot of its comps.
- Largest Student Body in the NationTexas A&M has the largest student body in the nation, with over 81,000 students. Enrollment has seen consistent growth over the past decade, even through the pandemic.
- Opportunity to Sell as CondosTo maximize value for this asset, an investor could condo out the units and sell them individually.