1602 Juniper Cir Springdale, AR 72764

Property Details for 1602 Juniper Cir

Year built

1983

Property size

15,200 SF

Property type

Commercial real estate

APN

81521989000

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

Longitude

-94.1484019

Latitude

36.1448537