Listed by Moses Tucker Partners
$7,250,000
Foxfire Apartments
Details
APN 815-28994-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 57,000
Units 82
Cap Rate 7.06%
Occupancy 93.9%
Year Built 1980
Year Renovated 2025
Buildings 8
Stories 2
Acreage 3.760
Zoning MF-12
Investment Type Value Add
Multifamily Property For Sale
Marketing description
The property features significant embedded upside, with approximately $12,263 per month ($147,000 annually) in loss-to-lease, offering organic NOI growth without the need for renovation capital. It is centrally located in the heart of Northwest Arkansas, providing close proximity to major employers such as Tyson Foods Headquarters, numerous corporate offices, and Northwest Health Hospital. This presents a compelling value-add opportunity to capitalize on rising rents driven by strong in-migration throughout the region. Additionally, the property offers convenient access to key transportation routes, including Highway 412, Highway 71-B, and Interstate 49.
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Listed by Moses Tucker Partners
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