Looking For Student Apartment Comps

[Tim The Enchanter]

You might check the rate of empty beer bottle accumulation in an apartment complex pool during the winter months.
Also the going rate for cleanup.
You said college town, right?

 

[PL1957]

Are you appraising student housing or apartments that are rented to students? Cap rates and values will be significantly different ...

 

[Zephyr999]

Look into LaCrosse WI area. Aware of a number of sales.

 

[Artemis Fowl]

Out of state I know but at least 2 recent transfers around Western Michigan University.

 

[GWISC]

Good morning! Thanks for the inquiries. We are appraising off campus, privately owned apartments, that are entirely rented to students on a semester basis and per bed basis. The property we are looking at is near the University of Whitewater, Wisconsin which is a school of approximately 12,000 students. I am an alum. Look us up, we have won the DIII national championship in football in roughly 5 of the last 8 years. I will look into the Western Michigan comps.

 

[GWISC]

Look into LaCrosse WI area. Aware of a number of sales.

I looked in on costar, loopnet did not find any La Cross comps. If you know of any, I would be interested in them.

 

[gregb]

42 Units in UCSB student community known as Isla Vista. Rents based on bedroom, 12 month leases currently required.

 

[Zephyr999]

I looked in on costar, loopnet did not find any La Cross comps. If you know of any, I would be interested in them.

Do you sift through WI IPAS system? Quick search in the county reveals 64 historical transfers of 4-23 apartment units...FWIW city of lacrosse has online assessor details for apartments.