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JB Holly BTR

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Address: 1703 W Holly St, Fayetteville, AR 72703, USA

Chicago & Midwest + Apartment Buildings

Created date: October 14, 2024

Date last updated: October 14, 2024

Brand new, fully occupied BTR development in a core Fayetteville location with high-end residential finishes and amenities.
Location: One-mile from both the University of Arkansas and Interstate 49, making for a short commute to campus and easy access to Springdale, Rogers and Bentonville.
Rent Premiums: This property boasts a 12-month waitlist with deposits on hand for the upcoming 2025/26 school year with rent rates $200 higher than current effective rents.
The 10-unit property is comprised of five separate parcels, each with a 4br/3ba house and a 2br/2.5ba ADU.
Ease of management: All utilities are set up, managed, and paid by tenants and the property is serviced by weekly curbside city trash.
U of A: Back to Back record breaking years of enrollment and lack of new inventory continues to exacerbate the existing housing shortage near U of A campus, making core Fayetteville a high barrier to entry submarket.

Property Description

Holly Street BTR is a brand new, fully occupied 10-unit community located in core Fayetteville, AR. The property is comprised of five (5) four-bed, three-bath units and five (5) two-bed, two and a half-bath units. The four-bedroom units include attached 2-car garages and large fenced backyards. Unit interiors boast high-end finishes including true engineered hardwood floors, granite countertops, soft-close shaker-style cabinets, and stainless-steel appliances. All units are supplied with a full-size washer and dryer. Tenants are responsible for all utilities and the property is serviced by curbside city trash. Due to the supply-constrained nature of Fayetteville and being situated less than one mile from the University of Arkansas, the buyer of Holly Street BTR will realize little to no vacancy and market leading rent growth for years to come. This is further proven by the property’s existing waitlist for the upcoming 2025/26 school year with $200 rent premium commitments for future tenants. New ownership would also have the ability to increase income by implementing market-standard ancillary income streams not being utilized by the seller such as pet deposits, pet rent, app and admin fees, and smart-home upgrades (video doorbells, smart thermostats, keyless deadbolts, etc.). The property is situated on five separate parcels, each of which contains a four-bedroom unit and a two-bedroom unit.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	10
Year Built:	2024
Lot Size:	16,300.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here