651-448-8890
500 Saluki Blvd, Carbondale, IL for Sale
Apartments - FOR SALE
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500 Saluki Blvd
Carbondale, IL 62903


HIGHLIGHTS

  • Turnkey student housing asset opportunity offering a mix of 2-, 3- & 4-bedroom units, totaling 228 units across 15 multifamily buildings in Carbondale
  • Beautiful apartment community providing a wealth of tenant amenities, such as a pool, fitness center, sand volleyball court, grilling station, & more.
  • Benefit from significant occupancy, continual university growth, and value-add potential through maximizing rents and renovations.
  • Strategically located just off of US Highway 51/S Illinois Avenue with direct connection to the Southern Illinois University campus.

OVERVIEW

The Reserve at Saluki Pointe is a 228-unit student housing community located just minutes from the Southern Illinois University (SIU) campus in Carbondale. This 333,353-square-foot complex comprises 768 beds across 15 three-story apartment buildings. Each building features a mix of two-, three-, and four-bedroom units with walk-in closets and appliances. Residents of the Reserve at Saluki Pointe have access to in-unit laundry facilities, private balconies, and a full suite of community features. Rich in on-site amenities, tenants enjoy the clubhouse pool, fitness center, rental store, sand volleyball court, basketball court, grilling station, picnic area, movie theater, game room, study lounge, business center, pet park, and a shuttle bus stop to and from the SIU campus. Investors will benefit from the complex's strategic location, continual university growth, and significant occupancy. Additionally, there is immense value-add potential through unit and amenity renovations, further enhancing the complex's appeal. Located just outside of Southern Illinois University, the Reserve at Saluki Pointe provides a convenient residence for students. Southern Illinois University is a growing higher education establishment that saw the highest enrollment increase in 33 years for the fall 2024 semester, exceeding its enrollment goal for a total of 11,790 students. The Reserve at Saluki Pointe provides easy access to local conveniences, from shopping and restaurants to coffee shops, hotels, and parks. The property is positioned minutes from US Highway 51/S Illinois Avenue and Main Street, providing seamless connections in and around town.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

228

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Reserve at Saluki Pointe

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2008

PARKING SPACES

876

LAND DETAILS

LAND ACRES

27.03 AC

LAND SF

1,177,427 SF

ZONING

SIU

APN/PARCEL ID

15-33-176-004

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