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BEDS0
BATHS
SQUARE FEET32,700
MLS#24036058
STATUSPending (FC, SS, REO)
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWilson
NEIGHBORHOODFAYETTEVILLE
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central
Heating: Central Heat
Home Style: Traditional
Lot Size: 0.67 Acres
Roof Type: Composition
Stories: 3.0
Taxes: $67,951
Year Built: 2024
Amenities
Washer-Stays
Dryer-Stays
Hot Water Heater-Electric
Feature Descriptions
Appliance(s)/Kitchen Equipment: Electric Range, Refrigerator-Stays
Area Amenities: Security
Days on Site: 518
Expenses Include: Taxes, Insurance, Maint./Lawn Care, Management, Trash, Electric, Advertising, Vacancy Factor, Water/Sewer, Payroll, Pest Control, Accounting
Exterior: Brick, Metal/Vinyl Siding
Lot Dimensions: 0.67 acre(s)
Number of 3 Bedroom Unit(s): 9
Parking Notes: Garage, Parking Pads
Security: yes
Sewer: Public Sewer
Units: 16
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: GREA-Global Real Estate Advisors Branch
Agency Phone: 479-231-7833
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Arkansas MLS
Estimate Your Payment
Estimated Payment
$ 27,059.07 per month $18,917.32 Principal & Interest $5,662.58 Property Tax $2,479.17 Homeowner's Insurance
606 N Whitham Avenue | MLS# 24036058
This multi-family property located at 606 N Whitham Avenue, Fayetteville, AR 72701 is currently listed for sale with an asking price of $8,500,000. Search Fayetteville real estate on www.clcommercialrealestate.com today.