Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2001
Sq.Footage
22,323
The Grove on Berry is fully renovated 42-unit multifamily property in downtown Springdale, AR. This asset presents an exceptional investment opportunity. With high quality interior finishes including full size washers and dryers and no deferred maintenance, this asset offers a true turnkey experience for investors. The property is currently achieving below-market rents, providing a clear path for value appreciation as rental rates align with the growing demand in Springdale. Additionally, its prime location ensures strong tenant appeal, with walkable access to the Razorback Greenway, Downtown shopping and dining establishments, and Luther George Park, offering residents an active and convenient lifestyle. This opportunity presents investors the ability to realize immediate cashflow and exceptional upside. Downtown Springdale has benefited from tremendous investments in new developments, popular food and retail tenants, and several community projects.
Features & Amenities
Interior
-
Other Interior Features
See Remarks
Area & Lot
-
Lot Features
Cleared
-
Lot Size(acres)
1.89
-
Property Type
Residential
Exterior
-
Garage
No
-
Construction Materials
Wood Siding
-
Parking
Concrete, Parking Lot
Financial
-
Sales Price
$5,300,000
-
Tax Amount
30111.0
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Location
County
Washington
Elementary School
Middle School
High School
Listing Courtesy of Samuel Hewitt , GREA-Global Realtor Estate Advisors Branch
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Broker / Owner / REALTOR®
MikkiDennis
Call Mikki today to schedule a private showing.
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