THE HIGHLANDS

781 Saint Andrews Lane ,
Starkville, MS 39759

Single Family Rental Investment

$5,840,019
Offering Price
 
 
$126,957
Price Per Unit
 
 
46
Number of Units
 
 
$5,840,019
Offering Price
 
 
$126,957
Price Per Unit
 
 
46
Number of Units
 
 

Highlands Plantation History and Data

  • Originally developed as Golf Course Community Homes built around all 18 greens and lakes Today the Development houses over 1200 tenants and is one of the top student housing destinations in the area. Options include 3 and 4 bedroom houses,2 and 3 bedroom duplex and 1 bedroom units. Total Community is gated and secured 268 buildings located on 13 acres Over 100 additional acreage available for future development. On Site Management Office and Staff. Highlands at near 100% occupied. 2023 Leases already in place with increases CURRENT UNITS FOR SALE ARE 46 AT $5,839,531.08 8.5% CAP (SPREAD SHEET ATTACHED) THERE IS POTENTIAL FOR DOUBLE THIS NUMBER IN NEAR FUTURE AT SAME CAP RATE. https://hpgardenhomes.com/features.php MANAGES 106 UNITS AND THEY MAY SELL. SEE WEB SITE

Great Growth and Property Value

  • Single Family Rental in great demand. Enjoyed best year on record in 2021. Occupancy rates across al SFRs averaged 94.8% in 2021. Rent Growth across board was 13.5% SFR demand increased while access to ownership declined. Student Housing in high demand across all sectors. A great destination for investors. University enrollment at an all time record. Gameday homes at high demand. Demand for Sports year rentals high and driving excellent rental rates. Upper age / alumni driving a market for second home. Large employee transitory market form Universities and Huge Golden Triangle Industrial park. Semester and seasonal student demand replace steady demand for units. Highland rents and property Values projected to have steady increases CAP RATES for SFR properties are at an all time high ranging 5 to 6%

WHAT IS DRIVING THE SFR BOOM (Highlands)

  • Home rentership rates are projected to rise across most age groups over the current decade, a boon for SFR demand. Family-forming Millennials , aging Baby Boomers, and GEN-Z cohort that prefers more space are the key demographics driving more demand for SFR going forward The important role that SFR plays has only increased as the supply of new housing delivered to the market has consistently fallen behind household formations in recent years, exacerbating the gap between affordable supply and demand. Increasingly cost-constrained from homebuying as borrowing cost are set to rise alongside already record high home prices.

WEBSITE

  • https://hpgardenhomes.com/features.php > Floor Plans > Features > Development > amenities > History Outstanding Property management in place. 2023 Leases in place with increases

LOCATION A PLUS!!

  • The Golden Triangle region A cumulative area of prime development Outstanding growth of over $5.9 Billion dollars in investments this decade Nearly 10,000 Jobs created 2024 Projected population 128,852 Five year growth at 27% increase Median age 32.9 Current Labor Shed 260,944 (age in work force 37.05) Home of Mississippi State University (States Largest) Home of Mississippi State University for Women At the Hub of US 82 and US 45 Major Regional Airport Two Major Medical facilities Abundant restaurants, service facilities and quality shopping. South East United States .. in a Major University setting. Excellent schools and lifestyle ... Just a good place to live. Located in an established opportunity zone for increased development demand. Outside of City Limits Lower tax burden.

WEBSITE

  • https://hpgardenhomes.com/floorplans.php Explore the site for information such as features, floor plans, location and amenities. Strong well established Management in place.

Mississippi State University

  • Mississippi State University continues to grow each year at a rapid pace with a current enrollment of over 23,000 students. MSU is Mississippi's largest university. Like most college towns, the Starkville economy specifically connected to the University has had a steady growth and homes used for young adult housing and the current trend is showing signs of better than average appreciation. For more information about MSU Click on the link to Mississippi State University's website www.msstate.edu. To view MSU's calendars and events, Click on the link www.msstate.edu/web/calendar/cals.php. Best College Towns & Cities in America Hugh alumni base and participation in sports. Game day demand. The Southeast leads the nation in terms of student housing growth and price per bed has been aon a steady incline for the past 10 years.
FOR MORE DETAILS CONTACT
Steve Cook, CCIM, SIOR
Broker
(601) 201-1360
steve@cookcre.net
B22913