1512 S Razorback Rd - Apartments FOR SALE


Fayetteville, AR 72701- Greater Fayetteville
$7,495,000 USD
832-623-1993
1512 S Razorback Rd, Fayetteville, AR for Sale
$7,495,000 USD
Apartments - FOR SALE
1/58
null | Request Cap Rate

1512 S Razorback Rd
Fayetteville, AR 72701
Greater Fayetteville


HIGHLIGHTS

  • Great location for students, parents and alumni near university staduims, walking trails, easy access from I49!
  • Secure, 2-car garages allows safe home entry and sheielded from weather.
  • Upscale granite counters and open floorplans with ensuite bathrooms and walk-in closets gives feeling of home and relaxation.

OVERVIEW

The geography doesn't get much better! Directly across the street from U of A Diamond Hogs Baum Stadium. 2, 3 & 4-Bedrooms, 3-story Townhome-style condominiums with secure garages, contemporary, open floor plan design, ensuite bathrooms, granite countertops, high-end appliances, washer & dryers, programmable thermostats and garage doors, upper level tile flooring deck with iron railing. A parking space for every bedroom. Horizontal property regime. Fully leased for the 2026-2027 UofA school year with some below market rents inherited from the previous owner. The current owner has recently upgraded several of the units and increased the renewing units to market rates which is in the range of $925 per bed per month. Property was poorly managed and was out of sync with university school cycle. With proper property management and marketing all of the units should return to market lease rates for the 2027-2028 school cycle.

FOR SALE DETAILS

PRICE

$7,495,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

20

PRICE/UNIT

$374,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20 Condos - Baum Crossing

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

2

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,624 SF

ZONING

-

APN/PARCEL ID

765-32500-001

ASK ABOUT THIS PROPERTY

Cheryl GarnerKeller Williams Platinum RealtyMore Info
832-623-1993

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Cheryl GarnerKeller Williams Platinum RealtyMore Info
832-623-1993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.