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Updated over 3 years ago on .

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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
4,917
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10,160
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My Father's New Student Housing Development: 7 Houses in Eugene

Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorPosted

My dad, @Bill Syrios and his team lead by Matt Perkins and have just about completed a massive student housing project a few blocks west of the University of Oregon cheesily named "Quack Alley" (i.e. Ducks, you can see the website here: https://quackalley.com/)

The development is on land that sat behind two houses, one an eight bedroom home and the other a nine bedroom home with a two bed ADU. They then bought the duplex next door to increase the number of houses they could build.In all they were able to build six 6-bed, 6.5 bath houses and one 4-bed, 4.5 bath house on three lots that were subdivided off of the three aforementioned properties. Therefore, each of the new houses is technically a townhouses.

The homes are perfectly designed for college students with a massive kitchen and living room equipped with five flat screen TVs perfect for game day. Above are two more stories, each with three bedrooms. Each bedroom has its own bathroom so the students don't have to share what will inevitably become a disgusting bathroom with anyone else.These houses rent for over $800/bedroom! 

Overall, there are seven new builds, 10 total properties, 12 units with 64 bedrooms that rent for just shy of $50,000/month. This project began several years ago and has cost a pretty penny so it's great to see it wrapping up and coming out so nicely!