I am looking for some local insight into the college town of Oxford Ohio. Please let me know if you are familiar with the area.
I hope you are doing well. I am very familiar with the area. I grew up about 20-25 mins away from the campus. Are you looking at a deal in the marketplace?
No, is there one on the marketplace. I am not sure where my assistant found the property I am looking at. It is a student housing property. So what to you think of the oxford area.
Great demand generator with a student body which almost entirely lives on or near campus (somewhat out there for a commute). It's actually a really good school & attracts well educated talent from across the midwest & country (with a decent affluent base). However the university has changed the dynamics of the student housing industry by requiring 1st & 2nd year students to live on campus (started it around 2008-09 if I remember correctly). I think the off campus housing took a hit & went through a mini-correction. However past 2-3 year performance should be indicative of the current environment. I might be interested in the deal as well. Feel free to shoot me a call to discuss.
You must be a BiggerPockets member to post on the forums
Join the world's largest, most open Real Estate Investing Community online, 100% free forever!