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7 University Avenue Fayetteville, AR $ 7,000,000
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7 University Avenue
$ 7,000,000
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7 University Avenue

Fayetteville, AR, 72701
$ 7,000,000
Baths0.0 Sq 18,760

Monthly Estimate*

$ 48,897

7 University Avenue, Fayetteville, AR 72701 - Image 1
7 University Avenue, Fayetteville, AR 72701 - Image 2
7 University Avenue, Fayetteville, AR 72701 - Image 3
7 University Avenue, Fayetteville, AR 72701 - Image 4
7 University Avenue, Fayetteville, AR 72701 - Image 5
7 University Avenue, Fayetteville, AR 72701 - Image 6
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Studio

Single Family Home for sale in Fayetteville, AR

for $7,000,000. This 18,760 square foot home was built in 1960 on a lot size of 1.336.

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. This parcel totals 1.336 acres and is zoned as RMF-40. This zoning 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. Also available as part of a package containing 2 adjoining parcels

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Single Family Active

Price

$ 7,000,000

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 13,285

Style

Apartment

Lot Size

1.336

Year Built

1960

Town/City

Fayetteville

County/Region

Washington

MLS | Web ID

1261880
Features
General
Interior Features None
Heating Central
Cooling CentralAir
Roof Other SeeRemarks
Appliances ElectricWaterHeater
Zoning N
Construction Materials Other SeeRemarks
Year Built 1960
Stories 2
Levels Two
Property SubType Apartment
Gross Income 144000.0
Community Features NearSchools TrailsPaths
County Washington
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Subdivision Name Putmans Add
Garage Y/N Y
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
High School District Fayetteville
Total Units 25
Waterfront Y/N N
Carport Y/N N
Street Name University
Property Attached Y/N N
Year Built Details 25 Years or older
Land Lease Y/N N
Tax Annual Amount 13285.0
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/7-University-Avenue-Fayetteville-AR-72701/unbranded
Days on Market 145
Standard Status Active
Middle/Junior School District Fayetteville
Elementary School District Fayetteville
Tax Lot 19 to 24
Property Sub Type Additional Apartment MultiFamily
Legal Description LOTS 19 TO 24 BLOCK 1
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Interior
Flooring Carpet CeramicTile
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
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Exterior
Fencing Metal
Parking Features Detached Garage TwoSpaces Asphalt
Lot Features CornerLot Landscaped
Lot Size Area 1.336
Foundation Details Slab
Spa N
Building Area Total 18760.0
Lot Size Acres 1.336
Lot Size Units Acres
Covered Spaces 1.0
Road Frontage Type PublicRoad
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 7
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* Excluded Features
List By
Simplicity Real Estate Solutions

Broker

josh.tandyRE@gmail.com

Email

Affordability Calculator

$50,004
Per Month
98%
2%
0%
Monthly Principal & Interest
$48,897
Monthly Property Taxes
$1,107
Monthly 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
1764852 Elementary School
1764924 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/1/2023$7,000,000 Listed Price

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7 University Avenue, Fayetteville, AR, 72701 is a Single Family Home for sale at $7,000,000 with 18,760 sqft and a lot size of 1.336. 7 University Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 72701 which is in Fayetteville, AR

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