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31524964
31524972

5717 Park Ave, Fort Smith, AR 72903

CG
AR AR 00083287
KW Commercial Fayetteville, AR
Listed by KW Commercial Fayetteville, AR
$17,750,000
60 days on market
Updated 60 days ago

University Park Place

Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 96,720
Units 48
Beds 192
Cap Rate 6.5%
NOI $1,153,254
Pro-Forma Cap Rate 7.63%
Pro-Forma NOI $1,354,393
Price per SqFt $184
Class A
Year Built 2020
Buildings 24
Stories 2
Acreage 5.000
Zoning MF
Parking Spaces spaces

Multifamily | 48 Units | $369,792/unit

Marketing description

University Park Place is a 48-unit, purpose-built student housing community strategically located

within a 2-minute walk to the University of Arkansas–Fort Smith campus. Fully furnished 4-bedroom,

4-bathroom townhomes with individual, by-the-bed leasing, catering directly to student renters.

Each unit offers modern highly desirable amenities including private bedrooms and bathrooms,

stainless steel appliances, wood-style flooring, in-unit washer and dryer sets (two per unit),

walk-in closets, and fully furnished living spaces with large-screen TVs. Community features are

outdoor grilling areas, fire pit pergolas, pet-friendly spaces, and planned resident events,

enhancing tenant retention and lifestyle appeal. The asset is positioned as one of the most

affordable off-campus housing options in the market while maintaining strong unit quality and

competitive amenities. University Park Place presents investors with a compelling opportunity to acquire

a stabilized, income producing student housing asset with a proven leasing model, consistent demand

drivers, and additional upside through rent growth, operational efficiencies.

Listing Contacts

CG
AR AR 00083287
KW Commercial Fayetteville, AR
Listed by KW Commercial Fayetteville, AR

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,153,254.00
$96,104.50/mo

Valuation Metrics

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DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Cheryl Garner
License
AR 00083287
Brokerage
Keller Williams Platinum Realty
Brokerage Phone
8326231993
Brokerage Address
3300 South 30th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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