Holly Street 2-Pack

942 W Holly Street, Fayetteville, AR 72703

The Holly Street Two-Pack, comprised of 18 units, is situated less than a block apart from each other on Holly Street in Fayetteville. 969 Holly consists of eight one-bedroom, one-bathroom units, while 942 Holly consists of 10 studio units. The ten units at 942 Holly have been completely renovated with LVP floors, granite counters, updated appliances, and fully tiled bathrooms. 969 Holly (8 units) has also benefited from large capital expenditures averaging $10-15k per unit. Renovations include new HVACs and water heaters, as well as two units fully upgraded. Feeding off their proximity to the University of Arkansas and popular nearby retail, both properties are extremely desirable to the local tenant base and have historically remained 100% occupied. Based on nearby rent comps the properties have below market rents- 942 Holly is roughly $65 below market, and 969 Holly has $200 of rent upside with mid-level renovations. There is also an opportunity to increase ancillary income by implementing resident utility billback, pet rent, and other market-standard other income items that are not being utilized by current ownership. A buyer will also have the opportunity to develop additional units on-site by constructing city approved ADUs at 969 West Holly (plans are included in the deal).

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Attachments

Highlights

  • Fully-occupied investment opportunity with below market rents and value-add upside.
  • Twelve fully renovated units are below market rents, and six "classic" units $200+ below achievable renovated rents with several nearby comps
  • Core Fayetteville location, bikeable to University of Arkansas and one block away from popular restaurant and retail options. The properties are also situated between University bus stops.
  • Meticulously maintained by the seller who deployed significant capital expenditures
  • 6.0% cap rate on current operations with significant rent upside in a submarket that consistently realizes some of the strongest rent growth in the nation.

Contacts

broker

Zac Thomas

GREA

broker

Sam Hewitt

GREA

Location

Getting Around

  • Walk Score ®

    68/100 Somewhat Walkable

  • Bike Score ®

    84/100 Very Bikeable
Powered by Walk Score ®
  • City Fayetteville, AR
  • Neighborhood V. A. Hill
  • Zip Code 72703

Points of Interest

  • Conoco

    0.13 miles

  • Phillips 66

    0.21 miles

  • E-Z Mart

    0.61 miles

  • Hi-Octane Fuel Xpress

    0.90 miles

  • Shell

    1.13 miles

  • Casey's General Store

    1.41 miles

  • Shell

    1.44 miles

  • Casey's

    1.53 miles

  • Kum & Go

    1.56 miles

  • Kum & Go

    1.64 miles

  • Lot 44

    0.76 miles

  • Point 7 Parking Lot

    0.77 miles

  • 25 cent lot

    0.92 miles

  • Harmon Parking Garage

    1.02 miles

  • Parking Deck

    1.07 miles

  • Spring St. Parking Deck

    1.10 miles

  • Municipal Parking Deck

    1.38 miles

  • Town Center Parking Garage

    1.47 miles

  • Lot 56

    1.53 miles

  • Parking Garage

    2.13 miles

  • Inn at Carnall Hall

    0.72 miles

  • Hi Way Inn Motel

    0.91 miles

  • Dickson Street Inn

    1.08 miles

  • Chief Motel

    1.14 miles

  • Graduate Fayetteville

    1.35 miles

  • Stay-Inn-Style Bed & Breakfast

    1.46 miles

  • Hilton Garden Inn

    1.59 miles

  • Holiday Inn Express

    1.60 miles

  • Homewood Suites

    1.66 miles

  • Comfort Inn & Suites

    1.70 miles

  • Lucky Luke's BBQ

    0.07 miles

  • Mojo's Pints & Pies

    0.11 miles

  • Taco Shack

    0.12 miles

  • Sabor Guacamole

    0.14 miles

  • NWA Gyros & Grill

    0.16 miles

  • Eureka Pizza

    0.31 miles

  • Leverett Lounge

    0.37 miles

  • Einstein Bros. Bagels

    0.86 miles

  • Cafe Rue Orleans

    0.90 miles

  • Project 7 Kitchen & Bar

    0.91 miles

  • Leverett Elementary School

    0.39 miles

  • University of Arkansas

    0.81 miles

  • Asbell Elementary School

    0.85 miles

  • Woodland Junior High School

    1.01 miles

  • Washington Elementary School

    1.04 miles

  • Fayetteville Montesorri School

    1.37 miles

  • Fayetteville High School

    1.46 miles

  • The New School

    1.54 miles

  • Root Elementary School

    1.80 miles

  • Ramay Junior High School

    1.81 miles

  • Fayetteville Child Development Center

    0.92 miles

  • Fayetteville Creative School

    1.20 miles

  • Parkside Playschool

    2.27 miles

  • Washington County Head Start

    2.57 miles

  • Cedar Crest Academy

    2.73 miles

  • Butterflies & Frogs

    2.93 miles

  • Just Like Home Childcare

    3.11 miles

  • Kristy's Place

    4.46 miles

  • Pride and Joy Childcare

    4.60 miles

  • Salem Lutheran School

    7.42 miles

Frequently Asked Questions

How much does Holly Street 2-Pack cost?

The sale price for Holly Street 2-Pack is available upon request. Contact the listing broker for more information.

What is the total square footage of Holly Street 2-Pack?

Holly Street 2-Pack totals 7,000 square feet.

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