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Student Housing
The Hills Northview
Harrisonburg, VA
120 Units
Built in 1991
Value Add
Investment Highlights
- Pedestrian to James Madison University (JMU), The Hills Northview provides students with a comfortable balance of privacy and shared living, renovated amenities and spacious four-bedroom apartments.
- The Hills Northview captures demand from the 22,879 students attending James Madison University, where enrollment has grown 9.7 percent over the past decade.
- Residents enjoy a 24-hour modern fitness center, gaming lounge, dedicated study lounges and outdoor lounges, a newly upgraded clubhouse and sand volleyball and basketball courts.
- The Hills Northview offers (73) newly renovated and (47) classic 1,194-square feet four-bedroom and two-bathroom apartments featuring private bedrooms with keyed locks, and fully furnished living spaces with upgraded full-size kitchens, ample storage space, in-unit washer & dryer, luxury vinyl plank flooring, and high-speed Wi-Fi.
- Ownership recently invested over $1.7M into comprehensive property upgrades, including renovating 73 apartment units (60 percent of total units) to a premium level with new flooring, countertops, cabinet upgrades and modern fixtures. A future value-add opportunity remains for a new owner to continue upgrading the remaining 47 classic units (40 percent of total units) to premium levels (currently leasing at a $70/bed premium to classic units).
Exclusively listed by
Broker of Record
Brian Hosey
Senior Managing Director / Market Leader
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