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Harbin Point Build For Rent (BFR) Townhomes
Listing was updated at: 11/27/2018
Property Overview
Price/Rent PSF $ 15,400,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 135,540
Date Available 11/27/2018
Additional URL Link
Floors 2
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Home and headquarters to the world’s largest retailer, Walmart, Bentonville has become an emerging market. As one of the fastest growing cities in America, there has been an 18% jump in population from 2010- 2015. Bentonville has one of the best school systems in the country, with a 90% graduation rate, earning the notoriety in Northwest Arkansas for having the Best High Schools in the State. ranks Bentonville among the nation’s Best Cities for Entrepreneurs as well as Best Cities for Families. Access to freeways via Interstate 49 and U.S. Route 71 offer advantages to quickly access areas around Northwest Arkansas, as well as quick access to the Northwest Arkansas Regional Airport. Northwest Arkansas, Bentonville specifically, is known as a mecca for cycling. Outdoor enthusiast can take advantage of unlimited opportunities via biking, hiking, kayaking, and more with Ozark Mountains, four state parks, and Beaver Lake with over 480 miles of shoreline.

Harbin Point is a 96 Home, Attached BFR in Bentonville, AR. This Build For Rent (BFR) investment portfolio opportunity, consists of 96 Build For Rent (BFR) Attached Single Family Residential, Rental investment properties. They began construction in Q1 2018 on the first phase of 36 Attached BFRs and will be completed in Q3 2018. Total project completion is estimated to be finished by Q1, 2019. Bentonville is well known for being home & corporate headquarters to mega-retail giant, Walmart. Unbeknownst to many, within the last 20 years, it has become one of the fastest growing regions in the country. Northwest Arkansas has transformed from a small town feel to a bustling center of commerce, innovative entrepreneurialism, business & leisure travel. Bentonville was recently named one of the top cities/towns in America according to WalletHub(2016).

These quality new build homes, for rental investment, features an opportunity for Buyers to purchase homes at Certificate of Occupancy and place tenants prior to completion, for immediate cash flowing investment. Stabilized Year I Cap Rate of 7.34% has conservatively been modeled given market rents in the area. Harbin Point’s 96 Home Build For Rent (BFR) portfolio offers almost no capital expenditures for several years after occupancy. The Developer/Builder here is a seasoned Builder in Benton & Washington Counties, with over 20 years of experience and well known for quality & integrity. This BFR investment opportunity offers spacious floor plans throughout, all with 2-story 2 bed & 3 bed homes and 2 & 2.5 baths.

Interior space includes custom cabinetry, stainless steel appliances, tile floors, modern fixtures, custom paint, tile backsplash, and upgraded ceiling fans. Average floor plans offer 1412/SF. Rental rates for stabilized year 1 have been conservatively modeled between $1,350-$1,400 per month for these beautiful homes. PreLeasing can begin once homes are under construction and builder reaches Certificate of Occupancy. The first phase of the 36 homes is scheduled to be delivered in Q3 of 2018. Buyer will have an opportunity to pre-lease the homes, close escrow at Certificate of Occupancy and place tenant prior to completion, for immediately cash flowing investment. Stabilized Year I Cap Rate of 7.34% has conservatively been modeled given market rents in the area.


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