|Price/Rent PSF||$ 5,300,000.00|
|SQ. FT. Available||54,048|
Centerton is a somewhat small city located in the state of Arkansas. Centerton does seem to be experiencing an influx of affluent people because the median household income is $63,170.00.it has a mixed workforce of both white- and blue-collar jobs.
Overall, Centerton is a city of sales and office workers, professionals, and managers. There are especially a lot of people living in Centerton who work in an office and administrative support (17.02%), management occupations (13.31%), and sales jobs (13.12%). Also of interest is that Centerton has more people living here who work in computers and math than 95% of the places in the US.
The citizens of Centerton are very well educated compared to the average community in the nation: 34.24% of adults in Centerton have a bachelor's degree or even advanced degree. The median rent in Centerton $996 compared to the national rent of $949.
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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 home value of $137,900 per home, which is 8.5% higher than the asking price of this portfolio of $126,190 per home, 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.
Centerton, AR is located in Benton County which is well known for being the home and corporate headquarters of mega-retail giant Walmart, but many do not know it has become one of the fastest growing regions in the country in the last 20 years. Northwest Arkansas has transformed from a small town to a bustling center of commerce, innovative entrepreneurialism, business and leisure travel. Bentonville was recently named one of the top cities/towns in America according to WalletHub.