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Campus Edge Townhomes

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Address: 605 Whitham Ave, Fayetteville, AR 72701, USA

Chicago & Midwest + Apartment Buildings

Created date: September 19, 2024

Date last updated: September 19, 2024

Brand new, Fully Occupied, trophy asset located less than a block from University of Arkansas.
Campus Edge Townhomes is one of the most walkable market-rate communities in Fayetteville
Current leases are $150- $200 under the "wait-list" rent rates for the 2025/2026 school year, proving strong continued rent-growth in an undersupplied, high-barrier-to-entry submarket.
The 16-unit property is comprised of six separate parcels, and by being priced below $250/sf, a new buyer could realize $2mm+ in upside by selling the propery two or three units at a time.
Ease of management; all utilities are set up, managed, and paid solely by tenants and property comes with a transferrable builder's warranty.

Property Description

Campus Edge Townhomes is a brand new fully occupied, 16-unit townhome development steps away from University of Arkansas campus. The property consists of 16 three-story townhomes with three- and four-bedroom floorplans. All units come with two car garages, full bathrooms for each bedroom, an extra half bath in each unit, and high-end fixtures and appliances. Finish outs include 10-foot ceilings, granite countertops, soft-close cabinets, stainless steel appliances, LVP floors, and supplied washers and dryers. Campus Edge tenants are solely responsible for setting up and paying their own utilities, the city of Fayetteville provides curbside trash pickup, simplifying management of the asset. The average in-place rents of $3,000/unit and zero vacancy further demonstrates the need for luxury housing less than a block away from campus. To top it off this trophy asset currently has a two-year waiting list and is projected to stay fully-occupied for years to come. Furthermore, the property is platted on six separate parcels, and being priced below $250/sf would allow a buyer to strategically sell off two or three units at a time to hedge their investment or realize $2mm+ upside of retail pricing for smaller properties. The project also comes with a transferable builder’s warranty.

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Broker Details

Sean Scott

GREA 972.996.6233 MLS ID: 0656192 State License Number: 0656192

Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	16
Year Built:	2024
Lot Size:	32,700.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here