The Haven - Value Add Student Housing Adjacen 406 S Wilkinson St 37 Unit Apartment Building $7,340,000 ($198,378/Unit) 6.50% Cap Rate Milledgeville, GA 31061

University Holdings is pleased to present Haven, a 37-unit, 82-bed purpose-built student housing portfolio located in the heart of Milledgeville, Georgia.? Situated across three properties at 406 S.? Wilkinson Street, 620 S.? Jefferson Street, and 141 W.? Baldwin Street, Haven offers investors the rare opportunity to acquire a fully occupied, walk-to-campus student housing asset serving Georgia College & State University and Georgia Military College.?
The portfolio consists of approximately 50,640 rentable square feet and features a mix of spacious two-bedroom and three-bedroom townhome-style floorplans.? Residents benefit from modern construction, private bedroom layouts, ample parking, solid oak cabinetry, soundproofing between units, and an unmatched location within walking distance of campus and Downtown Milledgeville’s restaurants, entertainment, and retail destinations.?
Haven is currently 100% occupied and has already achieved more than 71% pre-leasing for the upcoming academic year, demonstrating exceptional demand and strong market positioning.? Current rents average approximately $721 per bed, while ownership projects rents to increase to nearly $784 per bed next year.? Comparable student housing communities located farther from campus are achieving substantially higher rental rates, creating a clear value-add opportunity through continued rental growth.?
In addition to embedded rent upside, investors have the opportunity to further increase revenue by implementing a furnishing program for remaining unfurnished beds, generating an estimated $73,000 in additional annual income.? Combined with the property’s location, strong leasing performance, and favorable university enrollment trends, Haven offers an attractive opportunity to acquire a high-performing student housing investment with immediate and long-term NOI growth potential.?