$7,000,000
PENDING

7 S University Ave Fayetteville, AR 72701

Downtown Fayetteville Neighborhood

Estimated payment $40,102/month

Total Views 16,126
-- Bed
-- Bath
18,760 Sq Ft
$373 Price per Sq Ft

Highlights

  • 1.34 Acre Lot
  • Corner Lot
  • Ceramic Tile Flooring
  • Fayetteville High School Rated A
  • 1 Car Detached Garage
  • Landscaped

About This Home

Attention student housing developers: Seize a rare opportunity to construct student housing within walking distance of the University of Arkansas. Perfectly positioned just 0.2 miles from the campus, 0.25 miles from Dickson Street, and a mere 0.5 miles from the Fayetteville Square, this offering is a strategic investment. This parcel totals 1.336 acres and is zoned as RMF-40. This zoning presents a unique chance to maximize unit density and optimize income potential in a high-demand area. Don't miss out on this exceptional development prospect in one of the most coveted locations near the University of Arkansas. Also available as part of a package containing 2 adjoining parcels

Listing Agent

Josh Tandy

Simplicity Real Estate Solutions Brokerage Phone: 479-935-3844 License #PB00082227

Co-Listing Agent

Robert Henry

Simplicity Real Estate Solutions Brokerage Phone: 479-935-3844 License #SA00073339

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $13,285

Year Built

  • Built in 1960

Lot Details

  • 1.34 Acre Lot
  • Aluminum or Metal Fence
  • Landscaped
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 18,760 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 19 to 24 / 1

Community Details

Overview

  • 25 Units
  • Putmans Add Subdivision

Recreation

  • Trails

Building Details

  • Gross Income $144,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$13,285

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential
  • Lot Size Acres: 1.336
  • Road Frontage Type: Public Road
  • Co List Office Mls Id: 130000272
  • Co List Office Phone: 479-601-1973
  • Subdivision Name: Putmans Add
  • Directions: From I49, Exit MLK turn east. Take a Left on Hill Avenue. The properties are on the corner of Hill Avenue and Center St
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 25 Years or older
  • Year Built: 1960
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Apartment,Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Attribution Contact: 479-935-3844
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1960

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: None
  • Living Area: 18760.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Metal
  • Lot Features: Corner Lot, Landscaped
  • Construction Type: Other, See Remarks
  • Foundation Details: Slab
  • Roof: Other, See Remarks

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Parking Features: Detached, Garage, Two Spaces, Asphalt

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Near Schools, Trails/Paths

Schools

  • Junior High Dist: Fayetteville

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 25
  • Number Of Units Total: 25
  • Annual Gross Income: 144000.0

Tax Info

  • Tax Annual Amount: 13285.0
  • Tax Block: 1
  • Tax Lot: 19 to 24

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2024 09/10/24 Pending -- -- --
12/01/2023 12/01/23 For Sale $7,000,000 -- $373 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

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Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1261880

Northwest Arkansas Board of REALTORS®

Arkansas Washington County Fayetteville 72701 Downtown Fayetteville

7 S University Ave, Fayetteville, AR

Homes for Sale in Fayetteville, AR

This home is located at 7 S University Ave, Fayetteville, AR 72701 and is currently priced at $7,000,000, approximately $373 per square foot. This property was built in 1960. 7 S University Ave is a home located in Washington County with nearby schools including Leverett Elementary School, Owl Creek School, and Ramay Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Arkansas Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Josh Tandy
Listing Agent
Josh Tandy
Section Image
Simplicity Real Estate Solutions
(479) 383-3680