Description
Farmington Hills is a newly constructed, Class A multifamily property located at 275 North Hunter Street in Farmington, Arkansas. The asset consists of 114 units across 132,240 square feet on a 16.25-acre site, with an average unit size of 1,160 square feet. Built in 2024, the property features modern finishes and offers a strong value proposition in the growing Northwest Arkansas market.
Currently at 0% occupancy, the project is positioned for immediate leasing activity, with in-place rents averaging $1,650 per unit, approximately 5.7% below market rents of $1,750, presenting an...
Documents
Offering Summary
- Asking PriceUnPriced
- Property TypeMultifamily
- Size132,240 SF
- Available132,240 SF
- Built2024
- Total Acres~16.25 ac
Sale Details
- NOI$1,597,825
- Stabilized NOI$1,841,390
- In-Place Rents1,650
- Market Rents1,750
- Rents Below Market5.70%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units114
- Available Units114
- Unit Mix3BR
- Average Unit Size1,160 SF
- Average Rent1,650 $/mo
- Year Built2024
- Parking Ratio15.2
- Acres16.25
- APN760-01353-000
- Ownership InterestFee Simple
Property Details







Deal Team


Description
Farmington Hills is a newly constructed, Class A multifamily property located at 275 North Hunter Street in Farmington, Arkansas. The asset consists of 114 units across 132,240 square feet on a 16.25-acre site, with an average unit size of 1,160 square feet. Built in 2024, the property features modern finishes and offers a strong value proposition in the growing Northwest Arkansas market.
Currently at 0% occupancy, the project is positioned for immediate leasing activity, with in-place rents averaging $1,650 per unit, approximately 5.7% below market rents of $1,750, presenting an...
Documents
Offering Summary
- Asking PriceUnPriced
- Property TypeMultifamily
- Size132,240 SF
- Available132,240 SF
- Built2024
- Total Acres~16.25 ac
Sale Details
- NOI$1,597,825
- Stabilized NOI$1,841,390
- In-Place Rents1,650
- Market Rents1,750
- Rents Below Market5.70%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units114
- Available Units114
- Unit Mix3BR
- Average Unit Size1,160 SF
- Average Rent1,650 $/mo
- Year Built2024
- Parking Ratio15.2
- Acres16.25
- APN760-01353-000
- Ownership InterestFee Simple
Property Details
Deal Team


