LocationRogers is a unique melting pot city where business, creativity, shopping, art, dining, commerce, music, professional services, and history all come together to contribute to the vibrancy that is the city of Rogers. Rogers is a large city located in the state of Arkansas and is a part of the Northwest Arkansas Metropolitan area with an estimated 2018 population, according to the US Census Bureau, of 67,600. The city is comprised of residents who work in the office and administrative support roles (13.08%), sales jobs (12.51%) and management occupations (10.81%), according to NeighborhoodScout®.
The city of Rogers was recently named as the “5th Best Place to Live” by US News World & Report, the “6th Best City Overall for Job Growth” by New Geography, “1st Best Affordable Place to Live” by US News World & Report and “7th Most Economic Growth” by Bloomberg.
Northwest Arkansas is a large metropolitan area with a rapidly growing population of 537,463 residents as of 2017 in the cities of Fayetteville, Springdale, Rogers, Bentonville and Siloam Springs according to the Northwest Arkansas Council and US Census. Within the past 25 years, the region has experienced population growth, doubling in size, all thanks to in-migration of world-class talent. In addition, local schools have created nationally recognized educational programs to serve the growing needs of the regional economy.
The area is home to multiple Fortune 500 companies and over 1,450 corporate subsidiary offices and well-known consumer brands. Not only has Northwest Arkansas built a world-class infrastructure of professional and technical services, but it supports its flagship industries. The US Census estimates that Northwest Arkansas is on track to join the ranks as one of the nation’s largest metropolitan areas. As of recently, Northwest Arkansas was named “Best Midsize Cities for Jobs” by Forbes in May 2018, it also ranked #8 in the “25 Best Affordable Places to Live in the US” by US News & World Report in April 2018.SaleGo to www.SFRhub.com to custom search for portfolio 100365 and view additional information!
This 52 home investment portfolio located in a residential subdivision in southwest Rogers, Arkansas consists of 13 quadplexes built in 2016. Rogers is the eighth largest community in Arkansas and has high home values relative to the rest of the state. Northwest Arkansas (NWA) is home to a mixed workforce of both blue-collar and white-collar jobs, creating a high demand for work-force level housing. Named one of the “Best Midsize Cities for Jobs” by Forbes, Northwest Arkansas offers a vibrant and growing MSA to invest in. Currently, 42.9% of the population are renting, and 68.1% of these rental homes are single-family and attached townhomes. Demographics in the area have been determined excellent given the premier entertainment destination center, TopGolf is under-construction only 2 miles west of the Shadowbrooke location and will be opening in the Spring of 2020.
The builder has fully optimized 2 separate floor plans with high-quality finishes, both consisting of 3 bedrooms, 2.5 bathrooms, and 1550 square feet. Both two-story plans have attached garages, with a mix between single and double car garages. These open-concept units feature high vaulted ceilings, stainless steel appliances, and large patios. This subdivision is located in a top-tier school district, comprised of only the highest rated schools in the area. The projected average rent for these units stands at $1,450, which is over a 20% rent increase from the current lease up average. This portfolio creates an opportunity to acquire a top-of-the-line asset that will provide instant cash flow for an investor with significant value add component on unit turns & increased rents. Additional value can be created by adding a condo plat map to sell off individual units to retail consumers or smaller investors, offering great liquidity and minimizing risk.
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