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.
Pending
$8,500,000
606 N Whitham Ave, Fayetteville, AR 72701
--beds
--baths
32,700sqft
:
Get pre-qualified$54,871/mo
Apartment
Built in 2024
-- sqft lot
$8,504,500 Zestimate®
$260/sqft
$-- HOA
What's special
Rear surface parkingStreet parkingSupplied washers and dryersAttached garagesHigh-end finishesStainless steel appliances
- 675 days |
- 10 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Corey F Allen,
GREA-Global Real Estate Advisors Branch 479-231-7833
Source: CARMLS,MLS#: 24036058
Facts & features
Interior
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Electric Range, Refrigerator, Washer, Dryer, Electric Water Heater
Features
- Flooring: Luxury Vinyl
Interior area
- Total structure area: 32,700
- Total interior livable area: 32,700 sqft
Property
Parking
- Parking features: Garage, Parking Pad
- Has garage: Yes
Features
- Levels: Three Story
Lot
- Size: 0.67 Acres
- Features: Zero Lot Line
Details
- Parcel number: 76502345000
- Zoning: MF24
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Apartment
Materials
- Brick, Metal/Vinyl Siding
- Foundation: Slab
- Roof: Composition
Condition
- New construction: Yes
- Year built: 2024
Utilities & green energy
- Electric: Electric-Municipal
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Security: Security
- Subdivision: Wilson
Location
- Region: Fayetteville
Financial & listing details
- Price per square foot: $260/sqft
- Tax assessed value: $753,600
- Annual tax amount: $67,951
- Date on market: 10/1/2024
- Lease term: 12 Months
- Tenant pays: All Utilities
- Road surface type: Paved
Estimated market value
$8,504,500
$7.74M - $9.35M
$3,594/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2024 | Pending sale | $8,500,000$260/sqft |
Source:  CARMLS #24036058 Report a problem | ||
| 10/1/2024 | Listed for sale | $8,500,000$260/sqft |
Source:  ArkansasOne MLS #1288137 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,758 +358.3% | $135,870 +357.5% |
| 2023 | $1,693 +8.2% | $29,700 +10% |
| 2022 | $1,565 -45.2% | $27,000 -45.2% |
| 2021 | $2,855 +37.7% | $49,270 |
| 2020 | $2,073 +10.7% | $49,270 +49.2% |
| 2019 | $1,873 +7.1% | $33,030 |
| 2018 | $1,748 +8.6% | $33,030 |
| 2017 | $1,609 +8.3% | $33,030 |
| 2016 | $1,486 +14.5% | $33,030 |
| 2015 | $1,298 | $33,030 +53.3% |
| 2014 | $1,298 +12% | $21,550 |
| 2013 | $1,158 | $21,550 |
| 2012 | $1,158 | $21,550 |
| 2011 | -- | $21,550 +4% |
| 2010 | -- | $20,725 +10.3% |
| 2009 | $969 +8.3% | $18,786 +8.3% |
| 2008 | $895 -1.5% | $17,341 -1% |
| 2007 | $908 | $17,512 |
| 2006 | -- | -- |
| 2005 | -- | $13,339 -51.7% |
| 2004 | -- | $27,590 |
| 2003 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 72701
Nearby schools
GreatSchools rating
- 9/10Leverett Elementary SchoolGrades: PK-4Distance: 0.5 mi
- 7/10Ramay Junior High SchoolGrades: 7-8Distance: 1.5 mi
- 7/10Fayetteville High School EastGrades: 9-12Distance: 1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
