500 Saluki Blvd | Carbondale, IL 62903
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- LoopNet Team
500 Saluki Blvd
Carbondale, IL 62903
The Reserve at Saluki Pointe · Multifamily Property For Sale
·
228 Units
INVESTMENT HIGHLIGHTS
- 228-unit, 768-bed student housing community with a mix of two-, three-, and four-bed units with bed-bath parity built in 2008.
- After exceeding its enrollment goal for the fall semester of 2024, SIU is on track to enroll 15,000 students by 2030.
- With the opportunity to improve operational efficiencies, rents can be pushed after the property is fully stabilized.
- With a total of 11,790 students, Southern Illinois University saw the highest enrollment increase in 33 years for the fall semester of 2024.
- Incoming investor could renovate all units, which could result in an approximately 19% increase in base rental income from the 2024-25 rent roll.
- The Reserve at Saluki Pointe is one of the most amenitized properties in the Carbondale market.
PROPERTY FACTS
| No. Units | 228 | Building Size | 328,488 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2008 |
| Building Class | B | Parking Ratio | 2.67/1,000 SF |
| Lot Size | 27.03 AC |
| No. Units | 228 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 27.03 AC |
| Building Size | 328,488 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 2008 |
| Parking Ratio | 2.67/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Freezer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Fitness Center
- Picnic Area
- Pool
- Property Manager on Site
- Tennis Court
- Gated
- Basketball Court
- Furnished Units Available
- Gameroom
- Grill
- Media Center/Movie Theatre
- Package Service
- Planned Social Activities
- Volleyball Court
- Online Services
- Sundeck
- Roommate Matching
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 48 | - | 995 |
| 3+3 | 48 | - | 1,399 |
| 4+4 | 132 | - | 1,618 |
PROPERTY TAXES
| Parcel Number | 15-33-176-004 | Improvements Assessment | $3,612,614 |
| Land Assessment | $361,504 | Total Assessment | $3,974,118 |
PROPERTY TAXES
Parcel Number
15-33-176-004
Land Assessment
$361,504
Improvements Assessment
$3,612,614
Total Assessment
$3,974,118
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