Overview
This offering represents the opportunity to acquire a student housing community in Tampa, Florida, pedestrian to the University of South Florida. College Town @ USF is a 230-unit, 570-bed community with a mix of one-, two-, and three-bed units with bed-bath parity (some units with an additional half bath) built in 1971. Units were renovated in 2015 and the clubhouse was renovated in 2022. Ownership has spent approximately $1.5 million in capex over the past five years.
College Town @ USF offers amenities to its residents including two pools, a hot tub, newly renovated fitness center, basketball court, sand volleyball court, game room, study lounge with computers, dog park, free coffee bar, BEVI sparkling water, and a Bullrunner bus stop.
This offering represents 100 percent fee-simple interest in College Town @ USF, free and clear of any debt.
Investment Highlights
230-Unit, 570-Bed Student Housing Community
College Town @ USF offers one-, two-, and three-bed units with bed-bath parity (some units with an additional half bath) built in 1971.
Full Clubhouse Renovation in 2022
The clubhouse, including the gym, business center, dog park, and leasing office, were fully renovated in 2022. Units were renovated in 2015.
Prime Location One Block from Campus
The property is located one block from USF’s campus, next to James A. Haley Veteran’s Hospital and between two large retail areas.
50,000+ Students to Serve
USF has a current total enrollment of approximately 50,000 students with no on-campus housing requirement.
#24 Public University in the Nation
Niche ranks USF the #24 best public university in the nation. It is known for its strong research, particularly in medicine, science, engineering, and technology.
Highly Amenitized Community
This is a highly amenitized community with two pools, a fitness center, a game room, and more. 8 | Franklin Street Student Housing | College Town @ USF
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