For Sale Contact for pricing
Property Type Other
Units 31
Additional Rent Contact for pricing
Year Built 1982
Date Updated Nov 4, 2024

Campus Edge Apartments presents buyers with the opportunity to acquire a value-add investment in a high-barrier-to-entry market steps away from the University of Arkansas. Comprised of 31 one-bedroom, one-bathroom units, Campus Edge is currently 100% occupied in a submarket that has realized 99% occupancy with 20% rent growth over the past three years. In an already undersupplied market, the University of Arkansas has once again broken its fall enrollment record, surpassing last year’s record of 32,000 students. Despite all 31 units having “classic” finishes, current ownership has experienced essentially no push back on increasing rents year over year.

Current ownership has invested a significant amount of capital for mechanical and structural upgrades, as well as new flooring in each unit. Renovated unit premiums have been proven out by several comparable properties in the immediate surrounding area. For example, an adjacent comparable property has asking rents $300 higher than the average effective rents of Campus Edge, proving out the value-add upside of this investment property. A new buyer will also have the opportunity to increase NOI by implementing utility billbacks for water, sewer and trash which is currently paid by ownership, as well as monetizing the laundry facility at the property.

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Attachments

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Highlights

100% occupied value-add investment opportunity steps away from University of Arkansas Campus.
Campus adjacent multifamily transactions with a value-add component (like Campus Edge apartments) are extremely rare, creating a high barrier to entry market with predominantly long term ownership.
In-place average rents of $791 are well below achievable renovated rents proven out several times over in neighboring communities. Closing this gap on achievable rents and implementing RUBs and market-standard ancillary income items can increase NOI over $50,000.
Locally owned and operated with pride of ownership and little to no deferred maintenance allows a buyer to allocate capital expendritures on ROI driven upgrades rather than deferred maintenance.
Not only is Campus Edge walkable to campus, tenants also appreciate the proximity to the regionally renowned Razorback Greenway (.2 miles/three minute walk), beautiful Wilson Park (.4 miles/eight minutes), and the ever-popular Dickson Street entertainment district (half-mile/10 minutes).
Back-to-back record breaking enrollment continues to exacerbate the existing housing shortage near U of A campus, making Campus Edge an irreplaceable legacy asset in a high barrier to entry submarket.

Contacts

Sam Hewitt

GREA

Zac Thomas

GREA

Sean Scott

GREA

Location

Getting Around

Walk Score ®
54/100 Somewhat Walkable
Bike Score ®
82/100 Very Bikeable

Map
Street

City Fayetteville, AR
Neighborhood Hendricks - Maxwell - Stephens
Zip Code 72701

Points of Interest

Conoco

0.34 miles
E-Z Mart

0.43 miles
Phillips 66

0.55 miles
Hi-Octane Fuel Xpress

1.07 miles
Casey's

1.22 miles
Shell

1.28 miles
Casey's General Store

1.30 miles
Kum & Go

1.52 miles
Citgo

1.59 miles
ChargePoint

2.04 miles

Garland Avenue Parking Garage

0.78 miles
Lot 44

1.01 miles
Point 7 Parking Lot

1.09 miles
25 cent lot

1.26 miles
West Avenue Parking Deck

1.29 miles
Harmon Parking Garage

1.34 miles
Parking Deck

1.41 miles
Spring St. Parking Deck

1.45 miles
Highroller Cyclery

1.47 miles
Municipal Parking Deck

1.73 miles

Inn at Carnall Hall

1.06 miles
Hi Way Inn Motel

1.14 miles
Chief Motel

1.21 miles
Dickson Street Inn

1.42 miles
Hilton Garden Inn

1.44 miles
Holiday Inn Express

1.47 miles
Homewood Suites

1.51 miles
Comfort Inn & Suites

1.57 miles
Graduate by Hilton Fayetteville AR

1.70 miles
Stay-Inn-Style Bed & Breakfast

1.80 miles

Lucky Luke's BBQ

0.35 miles
Taco Shack

0.36 miles
City Park

0.41 miles
Waystone Pizza Co

0.42 miles
Domino's

0.42 miles
Sabor Guacamole

0.45 miles
Eureka Pizza

0.66 miles
Leverett Lounge

0.71 miles
McDonald's

1.08 miles
Einstein Bros. Bagels

1.11 miles

Leverett Elementary School

0.65 miles
Asbell Elementary School

0.67 miles
University of Arkansas

0.93 miles
Home Economics Building

1.02 miles
Woodland Junior High School

1.06 miles
Multimedia Resource Center

1.18 miles
Fayetteville Montesorri School

1.30 miles
Washington Elementary School

1.37 miles
The New School

1.44 miles
Eastern Avenue Warehouse - Surplus Property

1.75 miles

Fayetteville Child Development Center

0.98 miles
Fayetteville Creative School

1.13 miles
Parkside Playschool

2.29 miles
Cedar Crest Academy

2.66 miles
Butterflies & Frogs

2.73 miles
Washington County Head Start

2.87 miles
Just Like Home Childcare

3.24 miles
Kristy's Place

4.31 miles
Pride and Joy Childcare

4.34 miles
Salem Lutheran School

7.15 miles

Frequently Asked Questions

How much does Campus Edge Apartments cost?

The sale price for Campus Edge Apartments is available upon request. Contact the listing broker for more information.

What is the total square footage of Campus Edge Apartments?

Campus Edge Apartments totals 17,050 square feet.

When was this property built?

Campus Edge Apartments was built in 1982.

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