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5717 Park Ave
Fort Smith, AR 72903
University Park Place 24 Duplexes · Multifamily Property For Sale
·
48 Units
Executive Summary
University Park Place is a 48-unit, purpose-built student housing community strategically located within a 5-minute walk to the University of Arkansas–Fort Smith campus. Fully furnished 4-bedroom, 4-bathroom townhomes with individual, by-the-bed leasing, catering directly to student renters. Each unit offers modern, highly desirable amenities including private bedrooms and bathrooms, stainless steel appliances, wood-style flooring, in-unit washer and dryer sets (two per unit), walk-in closets, and fully furnished living spaces with large-screen TVs. Community features are outdoor grilling areas, fire pit pergolas, pet-friendly spaces, and planned resident events, enhancing tenant retention and lifestyle appeal. The asset is positioned as one of the most affordable off-campus housing options in the market while maintaining strong unit quality and competitive amenities.
Property Facts
| Price Per Unit | $369,792 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.50% | Lot Size | 5.06 AC |
| Gross Rent Multiplier | 10 | Building Size | 96,720 SF |
| No. Units | 48 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | ||
| Zoning | Multifamily | ||
| Price Per Unit | $369,792 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 10 |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 5.06 AC |
| Building Size | 96,720 SF |
| No. Stories | 2 |
| Year Built | 2020 |
| Zoning | Multifamily |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Refrigerator
- Range
- Island Kitchen
Site Amenities
- Laundry Facilities
- Picnic Area
- Furnished Units Available
- Grill
- Pet Play Area
- Planned Social Activities
- Recycling
- Trash Pickup - Curbside
- Walking/Biking Trails
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 48 | $2,840 | 96,720 |
Property Taxes
| Parcel Number | 11264-0001-00000-00 | Improvements Assessment | $1,293,172 |
| Land Assessment | $88,166 | Total Assessment | $1,381,338 |
Property Taxes
Parcel Number
11264-0001-00000-00
Land Assessment
$88,166
Improvements Assessment
$1,293,172
Total Assessment
$1,381,338
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