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Riverview Place 1784 Riverview Dr 44 Unit Apartment Building $9,800,000 ($222,727/Unit) 6.32% Cap Rate Elkins, AR 72727
Investment Highlights
- Every unit is designed with spacious, open kitchen and living areas.
- Offers a prime location adjacent to dining entertainment and schools.
Executive Summary
Situated conveniently off Highway 16 on Riverview Drive, Riverview place offers a prime location adjacent to Harps Food Store and mere minutes away from a variety of dining options and schools. Our community is also just a 12-minute drive from the downtown area of Fayetteville, ensuring easy access to the university and night life.
Property Facts
| Price | $9,800,000 | Apartment Style | Townhome |
| Price Per Unit | $222,727 | Building Class | B |
| Sale Type | Investment | Lot Size | 5.41 AC |
| Cap Rate | 6.32% | Building Size | 50,350 SF |
| No. Units | 44 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | ||
| Zoning | Multi-Family - Multi-Family | ||
| Price | $9,800,000 |
| Price Per Unit | $222,727 |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 5.41 AC |
| Building Size | 50,350 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Zoning | Multi-Family - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Patio
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 44 | - | - |
1 1
Property Taxes
| Parcel Number | 745-00298-001 | Improvements Assessment | $1,258,480 |
| Land Assessment | $43,170 | Total Assessment | $1,301,650 |
Property Taxes
Parcel Number
745-00298-001
Land Assessment
$43,170
Improvements Assessment
$1,258,480
Total Assessment
$1,301,650
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Riverview Place | 1784 Riverview Dr
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