101-503 Ruthie Cv, Oxford, MS 38655

LOCATION This subject property is situated in a highly sought after area that is located only one mile from The University of Mississippi and adjacent to a major restaurant, shop and bar corridor. This community combines for +/- 15,200 SF of rentable living space. Strategically located, these properties offer residents quick and easy access to the heart of campus and the local social corridor. Dick’s Sporting Goods, Home Depot, Chick-fil-A and other staple restaurants and shops are pedestrian to the property. MARKET The University of Mississippi’s enrollment for Fall 2025 is now at 24,043 students and has increased by 2,385 students in only one year. Over the past five years, Ole Miss’s enrollment has grown by over 14%. Due to the growing enrollment and limited number of on-campus beds, the University of Mississippi has entered into six different master leases with privately owned off-campus student properties. Premium Finish Levels This property package offers the highest living standards for student housing that Oxford has to offer. These features include: stained concrete floors, quartz countertops with tile backsplash, glass door kitchen cabinets, stainless steel appliances, pendant lighting, large porches and floor plans that average 1,520 sq feet. Each unit also has a private back porch. RENTAL GROWTH OPPORTUNITY Centerline Row has been 100% occupied since inception and is currently 100% pre-leased for AY 25-26. Total annual rental income amounts to approximately $252,000 ($700/bed) which is a 11.4% increase from AY 23-24 and is projected to grow to $324,000 ($900/bed) which is a 28.6% increase from AY 24-25. These properties are under rented as comparable properties that are pedestrian to campus are charging 11.69% ($105.21 more per bed) for their 3BR floor plans. There is also an opportunity for additional income by furnishing the property, getting a bulk internet package, and offering individual leases as opposed to joint and several leases. EXECUTIVE SUMMARY PROPERTY INFORMATION Year of Construction: 2017 Address: 101, 103, 201, 203, 301, 303, 401, 403, 501, and 503 Ruthie Cove, Oxford, MS Parcel ID: 146R-24-198.00 Buildings: (5) 3BR + 3.5BA Duplexes totaling 10 units + 30 beds Property Overview 8 PROPERTY OVERVIEW DETAILS Units: 10 Beds: 30 Year Built: 2017 Avg Unit Size: 1,520 sq feet Parking: Fully parked (1:1 parking ratio + guest parking) Current Avg Rent: $700/bed