1333 & 1339 W Mount Comfort Rd - Apartments FOR SALE


Fayetteville, AR 72703- Greater Fayetteville
$6,500,000 USD
314-384-8439
1333 & 1339 W Mount Comfort Rd, Fayetteville, AR for Sale
$6,500,000 USD
Apartments - FOR SALE
1/14
null | 5.77% Cap Rate

1333 & 1339 W Mount Comfort Rd
Fayetteville, AR 72703
Greater Fayetteville


OVERVIEW

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 13-unit (52-bed), 2022 built Mount Comfort Townhomes community located in Fayetteville, AR. The asset is strategically located in the heart of Fayetteville (NW Arkansas’ largest subsidiary), stationed less than one mile from the University of Arkansas. Currently functioning as a student property, the asset has experienced explosive rental trends, having renewed leases at 20%+ (~$600/unit) premiums for the upcoming academic year. Student housing is severely underserved in Fayetteville, with 80%+ of students forced to find off campus housing, as enrollment reaches all time highs (33,000+). Ownership has restructured the property into a Horizontal Property Regime (HPR), thereby providing potential investors with various strategic options, including the continued operation of the property as a student housing facility, or the opportunity to sell individual units on the retail market, either as game-day condominiums or personal investment properties.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

13

PRICE/UNIT

$500,000

CAP RATE

5.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mount Comfort Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

RMF-24

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Martin BynumCushman & WakefieldMore Info
314-384-8439

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Martin BynumCushman & WakefieldMore Info
314-384-8439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.