SVN Stone Commercial Real Estate is pleased to present the exclusive offering of The Townhomes and Flats at MSU, a fully stabilized, purpose-built student housing community serving Morehead State University in Morehead, Kentucky. The property consists of 13 buildings with 110 units (including a model home/office) across five distinct floor plans, offering a mix of spacious townhome and flat-style residences. Located just minutes from campus, The Townhomes and Flats at MSU is ideally positioned to capture strong student demand while offering a quiet residential environment with superior finishes and professional management. Since acquiring the property in 2023, current ownership has invested over $2.55 million in capital improvements, ensuring both durability and an enhanced resident experience. Upgrades include unit renovations and community enhancements, resulting in a premium product that continues to outperform market competitors. Avg rent ($940/unit) in 2024-2025 grew 6.86% in 2025-26 (to $1,005/unit). Over 50% of residents renewed at a higher price, showing strong demand for the subject property. Morehead State University continues to support strong housing demand, with steady enrollment growth and limited purpose-built student housing supply in the market. This favorable dynamic positions new ownership to benefit from stable cash flow while capturing additional organic rent growth. With a NOI of $962,004, the offering is priced at $12,535,000, reflecting a 7.67% cap rate and a projected 10%+ Year 1 cash-on-cash return. Professionally managed by a capable local team, the asset provides a true turnkey opportunity to acquire a top-tier student housing community in an undersupplied market, backed by a stable tenant base and proven operational success.