• 346-Bed asset located just minutes from the CMU campus
• Student housing asset with value-add potential near the University
• New buyer can streamline operations and take advantage of stabilizing university market with zero new supply in the pipeline
• Diverse Unit Mix offering large 1, 2, 3, 4, & 6 bed units
• Amenity Package including a 24-hour fitness center & multiple dog parks

The Edge at 1815

The Edge at 1815 is a 346-bed property located at Central Michigan University in Mt Pleasant, MI. The property is located off a main thoroughfare, Broomfield Road, and is situated 5 blocks away from the campus itself. The property has a unit mix of 1s, 2s, 3s, 4s and three 6 bedroom apartments. While the property is occupied at 91.2%, the majority of the bed count belongs to two bedroom apartments that are 94.5% occupied. The property is third party managed and is being offered significantly below replacement cost.

Central Michigan University

Central Michigan is a Divison 1 University in the MAC conference. This is one of fifteen public insitituions in the state and is home to many local Michigan residents. Enrollment at CMU currently sits at 14,560 which is up for the first time in a decade and includes an increased freshman enrollment number. New supply coming to the MT Pleasant student market is scarce and will likely see that trend continue.