8 & 20 S Hill 7 S University Fayetteville, AR ^$ 14,000,000

8 & 20 S Hill 7 S University

^$ 14,000,000

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8 & 20 S Hill 7 S University

Fayetteville, AR, 72703

^$ 14,000,000

Studio Baths0.0 Sq 35,256

Monthly Estimate*

^$ 97,794

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Studio

Single Family Home for sale in Fayetteville, AR

for $14,000,000. This 35,256 square foot home was built in 1985 on a lot size of 2.68.

Attention student housing developers: Seize a rare opportunity to construct student housing within walking distance of the University of Arkansas. Perfectly positioned just 0.2 miles from the campus, 0.25 miles from Dickson Street, and a mere 0.5 miles from the Fayetteville Square, this offering is a strategic investment. Comprising three parcels that total 2.68 acres, the properties at 8 S Hill Avenue and 20 S Hill Avenue are zoned as Downtown General, while 7 S University carries an RMF-40 zoning. This zoning diversity presents a unique chance to maximize unit density and optimize income potential in a high-demand area. Don't miss out on this exceptional development prospect in one of the most coveted locations near the University of Arkansas.

Single Family Active

Price

^$ 14,000,000

Bedrooms

Studio

Property Type

Single Family

Taxes

^$ 27,521

Style

Multi Family

Lot Size

2.68

Year Built

1985

Town/City

Fayetteville

County/Region

Washington

MLS | Web ID

1261876

Features

General

Interior Features None

Heating Central

Cooling CentralAir

Roof Architectural Metal Other Shingle SeeRemarks

Appliances ElectricWaterHeater

Zoning N

Construction Materials Brick Other SeeRemarks

Year Built 1985

Stories 2

Levels Two

Property SubType MultiFamily

Gross Income 312000.0

Community Features NearSchools TrailsPaths

County Washington

New Construction N

Property Type Residential

HOA / Comm Assn N

Attached Garage N

Subdivision Name Putman

Garage Y/N N

Status Active

Directions From I49 Exit MLK turn east. Take a Left on Hill Avenue. The properties are on the corner of Hill Avenue and Center St

City Fayetteville

View Y/N N

Senior Community Y/N N

Zoning Description Multi Family

Total Units 40

Waterfront Y/N N

Carport Y/N N

Street Name 7 S University

Property Attached Y/N N

Year Built Details 25 Years or older

Land Lease Y/N N

Tax Annual Amount 27521.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://tour.nwarealtors.org/8-20-S-Hill-7-S-University-Fayetteville-AR-72703/unbranded

Days on Market 145

Standard Status Active

Tax Lot 1-6 & 19-24

Property Sub Type Additional MultiFamily Other

Legal Description 1-6 & 19-24 Block 1 Putmans Add

Interior

Flooring Carpet CeramicTile Laminate SimulatedWood

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Electric On Property Y/N N

Exterior

Fencing None

Parking Features OneSpace Asphalt

Lot Features CornerLot Subdivision

Lot Size Area 2.68

Foundation Details Slab

Spa N

Building Area Total 35256.0

Lot Size Acres 2.68

Lot Size Units Acres

Covered Spaces 0.0

Road Frontage Type PublicRoad

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 8

* Excluded Features

List By

Simplicity Real Estate Solutions

Broker

josh.tandyRE@gmail.com

Affordability Calculator

$100,088

Per Month

Monthly Principal & Interest: $97,794
Monthly Property Taxes: $2,293
Monthly Home Insurance: --

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Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in Fayetteville, AR

Average List Price ^$616,959

Percent of Sale Price 96%

About Fayetteville, AR

89,258 Population

48% Since 2002

^$45,527 Median Income

31.02 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1764983 Elementary School

1764794 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/1/2023	$14,000,000		Listed Price

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8 & 20 S Hill 7 S University, Fayetteville, AR, 72703 is a Single Family Home for sale at $14,000,000 with 35,256 sqft and a lot size of 2.68. 8 & 20 S Hill 7 S University is a studio with 0.0 baths and was built in 1985. The property's zip code is 72703 which is in Fayetteville, AR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of The Broker Reciprocity (sm) Program of Northwest Arkansas Board of REALTORS® MLS

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/27/2024.

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8 & 20 S Hill 7 S University

Single Family Home for sale in Fayetteville, AR

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