- Huge Opportunity To Acquire Scale In Fayetteville, Arkansas
- Market Rents Below Competitive Subset | Unit Upside Of $310+ (Monthly)
- Significant Fee + Other Income & Operational Upside Potential
- Great School District | Proximate To Key Demand Drivers
- Located In The Exploding Northwest Arkansas Market
- Extraordinary Multi-Family Market Fundamentals | Strong Demographic Profile
- Surrounded By Fortune 500 Companies And Large Corporations
- Offered Free And Clear Of Existing Debt
HUGE OPPORTUNITY FOR IMMEDIATE SCALE | EXCEPTIONAL BASIS COMPARED TO RECENT SALES
Uniquely positioned in the heart of Fayetteville, and surrounded by the picturesque University of Arkansas Campus, the South Creekside Portfolio offers the ultimate in terms of location, when it comes to where young professionals want to live, work and play.
Located just minutes from interstate connectivity, the properties contained within this rare portfolio boast quick and easy access to the very best of northwest Arkansas—from local eats, top shops, and entertainment venues, and everything in between. Residents even have immediate access to nearby Razorback Regional Greenway—which spans from Fayetteville to Bella Vista—as an added bonus.
MARKET RENTS WELL BELOW COMPETITIVE SUBSET | UNIT UPSIDE AVERAGE OF $310+ (MONTHLY)
With interiors consisting largely of vintage finishes, these properties are primed for value-add implementation of modernization and upgrades throughout, which will elevate the status to be in better alignment with current, high-end standards to inherently increase average rental rates significantly. The incredible opportunity to upgrade 100% of unit interiors at South Creekside Phase 1 enables the remarkable ability for new ownership to capture average rent upside of $310+ per unit monthly with interior renovations that include upgraded flooring, solid-surface countertops, stainless steel appliances updated bathrooms and lighting packages. Completion of moderate renovations offers new ownership the ability to push annual rental income over $625,000 between the three properties contained within the portfolio!
UNRIVALED UPSIDE OPPORTUNITY IN MULTIPLE AREAS
The South Creekside Portfolio enables new ownership to capture unrivaled upside in multiple strategic areas. Commonplace in the northwest Arkansas Market is rubs billing, which is currently in place at other comparable properties. There’s also an opportunity to implement an innovative marketing program designed to optimize the property’s online presence. New ownership has the ability to empower professional management to take full advantage of these operational efficiencies and, with a conservative assumption of $55 monthly per unit, utility reimbursement revenue would reflect an increase of roughly $105,000+ annually.
Further, while the properties certainly come well-equipped with reasonable amenities, there’s ample space for expansion of existing community areas including, but not limited to the addition of barbeque and seating areas complete with firepits for roasting marshmallows on a warm summer evening, volleyball and/or basketball courts for a bit of good fun, as well as new playground equipment and the expansion of outdoor walking trails. By offering a more robust amenity package, new ownership will not only be able to appeal to new renters and better retain existing residents but will be able to achieve top line rent growth.
