Parkside Villas | 309 Park St
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Parkside Villas 309 Park St
28 Unit Apartment Building $2,995,000 ($106,964/Unit) Springdale, AR 72764
Investment Highlights
- Opportunity Zone Eligible
- 200' to the Razorback Greenway Trail
- Walking distance to Springdale's vibrant downtown area
Executive Summary
Parkside Villas consists of 7 buildings with 4 units per building. Each unit is 1 bedroom/1 bath - 550 SF. Located directly east of the newly expanded Luther George Park. Current ownership has added utility lines on two of the building for washer/dryer connections to capture rent premium. For proven value-add strategy, new owner could add utility lines to remaining buildings.
Property Facts Under Contract
| Price | $2,995,000 | Building Class | C |
| Price Per Unit | $106,964 | Lot Size | 0.89 AC |
| Sale Type | Investment | Building Size | 15,400 SF |
| No. Units | 28 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2018 |
| Property Subtype | Apartment | Parking Ratio | 2.14/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $2,995,000 |
| Price Per Unit | $106,964 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 15,400 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2018 |
| Parking Ratio | 2.14/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | 550 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $211,670 | |
| Land Assessment | $31,920 | Total Assessment | $243,590 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$31,920
Improvements Assessment
$211,670
Total Assessment
$243,590
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Parkside Villas | 309 Park St
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