Habberton Ridge 3700 Locksley Street
Springdale, AR 72764

Habberton Ridge is a 144,806-square-foot, Class A multifamily investment opportunity located in Springdale, Arkansas. Built in 2020, the property comprises 98 units with an average unit size of 1,478 square feet, offering spacious layouts in a highly desirable market.

Occupancy stands at 95%, with in-place rents averaging $1,547, slightly below market rents of $1,568, presenting a 1.4% rent growth potential. The stabilized NOI is $1,303,288, supported by strong operational performance and a T12 NOI of $1,127,559. Situated on 13.06 acres, Habberton Ridge benefits from its prime location...