1602 Juniper CirSpringdale, AR 72764

Property Details for 1602 Juniper Cir

Year built

1983

Property size (Sq ft)

15,200 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 16-unit apartment complex, located at 1602-1605 Juniper Cir, Springdale, AR 72764, presents a compelling value-add investment opportunity. The property comprises four buildings situated on two parcels, totaling 15,200 square feet of net rentable space. Each unit boasts approximately 950 square feet, featuring two spacious bedrooms and one bathroom. Recent renovations (2023) have modernized most units, enhancing their appeal and market value. All roofs have been recently replaced, ensuring long-term durability and minimizing maintenance concerns. The property currently enjoys 100% occupancy, generating a strong cash flow. In-unit washers and dryers are a significant amenity, adding to tenant satisfaction and potentially justifying higher rental rates. The property's Class B designation and the current management strategy offer significant upside potential for increased profitability through more aggressive rent management. The surrounding area exhibits a strong market, with an average household income exceeding $82,000 and home values surpassing $300,000, indicating a stable and growing rental demand. The asking price is $2,400,000, representing $150,000 per unit and $157.89 per square foot. This fee-simple ownership offers a rare chance to acquire a well-maintained, high-occupancy multifamily property in a desirable location with considerable room for growth. The property was built in 1983 and features a two-story building configuration. The APN is 81521989000.

Location Insight

City

Springdale

County

Washington

State

Arkansas

Latitude

36.1449

Longitude

-94.1484

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].