814 S Main St, Oxford, OH 45056

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Building Details:

• Year Built: 1969

814 S Main St is located in Oxford, OH.

Jennifer Donathan of Sperry Van Ness has been retained as the exclusive agent to offer for sale The Maples Student Housing in Oxford Ohio, home to the prestigious Miami University. This is an excellent opportunity to purchase a well maintained, stabilized & financeable asset. The community is 100% occupied for the 2010-2011 school year & is pre-leased for the 2011-2012 school year. This is a value added opportunity as rents are extremely below market approximately $3352/unit per year (see attached rent comp study). The property is priced based on the 2010 actuals at a 9% CAP rate. The complex is located across the street from the campus & state-of-the-art recreational center. Miami University is considered to be one of the original eight Public Ivys. The student housing market has a strong demand for affordable & suitable student housing apartments. Oxford is an extremely supply-constrained city & The Maples offers the rare opportunity to acquire student housing with upside opportunities.