Molly Barr Trails and Molly Barr Ridge are two adjacent student housing properties near Ole Miss in Oxford, MS. The properties boast a track record of high occupancy and both are currently 100% leased for the 2016-17 school year, both with 12-month leases. The properties have newer construction and are fully amenitized. Molly Barr Trails was built in 2012. Molly Barr Ridge is just over a year old having been completed in August 2015.
Each unit features a bathroom & bedroom for each student, nine-foot ceilings, washers and dryers, modern appliances and furnished common areas. The properties also feature a sparkling pool, lounging area, fitness center and surface parking with a slot for each student.
Combined the two properties have 125 units and 303 beds total. Each lease is signed by the bed with parental guarantees. Molly Barr Trails consists of 72 units that are all 2 bed / 2 bathroom (144 beds total). The average monthly rent per bed is $587 or $1,174 per unit. Molly Barr Ridge consists of 53 units, all 3 bed / 3 bath (159 beds total). The average monthly rent per bed is $551 or $1,652 per unit.
The properties are among some of the closest to the Ole Miss campus and sit at the beginning of the Oxford Depot Trail. There is also large hiking and biking trail that leads right up to campus and the famed Oxford Square. Molly Barr Ridge has roughly 80% of its beds leased each year by way of master lease with a local sorority.