Campus Edge Townhomes
Fayetteville, AR
Overview
Summary
- Price Market
- Address 605 N Whitham Ave, Fayetteville, AR 72701
- # Units 16
- Rentable SF 32,700 SF
- Year Built 2024
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.
