606 N Whitham, Fayetteville, AR 72701

  • $8,500,000
  • $8,500,000
606 N Whitham, Fayetteville, AR 72701
For Sale

606 N Whitham, Fayetteville, AR 72701

606 N Whitham, Fayetteville, AR 72701
  • $8,500,000
  • $8,500,000

Description

Campus Edge Townhomes is a newly constructed townhome 16-unit property situated on six parcels located adjacent to the University of Arkansas. The fully occupied property boasts large three- and four-bedroom floor plans, high-end finishes, and a mix of attached garages, rear surface parking and street parking. Each bedroom has an en suite full bathroom and a half bathroom in the living area. Units also have supplied washers and dryers and stainless steel appliances. Tenants are responsible for all utilities and the property is serviced by curbside city trash. Management already has a waitlist for the 2025/26 school year with $200 rent premiums. Despite these premiums, new ownership could increase rents beyond the 2025/26 rates, proven out by nearby market rate and student housing properties in inferior locations. Bringing rents to market rate creates tremendous cash-on-cash metrics, an IRR in the mid-20s, and an equity multiple over 2x. Property tours are by appointment only. Do not disturb tenants.

Details

Updated on October 1, 2024 at 1:18 pm
  • Property ID: hz-8186499
  • Price: $8,500,000
  • Property Size: 32700 Sqft
  • Land Area: 0.67 Acre
  • Year Built: 2024
  • Property Type: Multi-Family
  • Property Status: For Sale
  • MLS#: 24036058
  • Office Name: GREA-GLOBAL REAL ESTATE ADVISORS BRANCH
  • Agent Name: Corey F Allen
  • MLS Status: Active

Additional details

  • List Agent MLSID: 27325
  • List Office MLSID: 2683
  • Listing Date: 2024-10-01
  • # Half Baths: half_bathroom
  • Annual Taxes: 67951
  • Approx Lot Size: .67
  • Subdivision: Wilson
  • Possession: At Closing
  • Floors: Luxury Vinyl
  • List Price/Square Foot: 259.94
  • New Construction?: Yes
  • Exterior Features: Brick,Metal/Vinyl Siding
  • Foundation: Slab
  • Interior Features: Washer-Stays,Dryer-Stays,Hot Water Heater-Electric
  • Kitchen Equipment: Electric Range,Refrigerator-Stays
  • Roof: Composition
  • Showing Instructions: By Appointment Only
  • Utilities: Sewer-Public,Water-Public,Electric-Municipal,TV-Cable
  • Style: Traditional
  • Internet Publication: 1. Yes
  • Office Identifier: 2683
  • Road Surface: Paved
  • Lot: Zero Lot Line
  • Lease Type: Yearly
  • Address 606 N Whitham
  • City Fayetteville
  • State/county AR
  • Zip/Postal Code 72701
  • Area FAYETTEVILLE
  • Country United States

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