42 Home SFR Investment Portfolio Centerton AR, Centerton, Arkansas 72719

Sale Information

Asking Price: $5,300,000

Building Size: 54,048 SQ FT

Lot Size: 361838

Cost per Square Foot: $98.06

Property Overview

Visit www.SFRhub.com to custom search and view additional information! This 42 home single-family residential investment portfolio in Centerton is located on the west side of Bentonville and near the center of Benton County; the name city was named Centerton based on its central location. Developed from a small railroad stop and fruit orchard community, Centerton has become a commuter town within the rapidly growing Northwest Arkansas region. The portfolio is comprised of properties located in both Centerton and Fayetteville. This portfolio offers an investor immediate cash flow in the Centerton market with minimal vacancy. This portfolio can be packaged for an investor with any of our other portfolios in Arkansas, as well as throughout the country. The average year-built of homes in this portfolio is 2005, with an average of 1,287 square feet per home. There are 36 3-bed, 2-bath homes, and 6 4-bed, 2-bath homes. These well laid out floor plans range from 1,128 to 2,298 livable square feet, averaging 1,287 square feet. Rental rates throughout the portfolio are on average $875 a month, which are continuing to climb in this submarket and will continue bringing increased cash flow to investors bottom line over the years. This 42 home SFR investment portfolio is listed at only $98 per square foot, compared to the median list price of $121 per square foot in the Centerton market. The Centerton market is also at a median list price of $249,900 per home, which is 90.2% higher than the asking price of this portfolio of $126,190 per home. Also, the median price of homes sold here is $185,700 which is 41.3% higher than asking price, making this an excellent value for an investor. Centerton home values have gone up 5.9% over the past year and are predicted to rise by 15.7% within the next year.

Property Details

Key Points: Visit www.SFRhub.com to custom search and view additional information! Solid projected cap rate of 6.40% Projected net operating income of $339,366 100% occupancy and stabilized rents averaging above $875 Centerton housing market will remain competitive in 2019 The median Centerton list price per home is 90.2% higher than asking price Homes in Centerton sell 41.3% higher than asking price Home values are anticipated to rise by 15.7% within the next year

Broker Information

SVN | SFRhub Advisors
Jeff Cline



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