VILLAGE AT SCULL CREEK
2619 N. QUALITY LANE
FAYETTEVILLE, AR 72703
Executive Summary
The Village at Scull Creek is a 54-unit apartment community located in Fayetteville, Arkansas. The property was built in 2007 under the Section 42 Low Income Housing Tax Credit (LIHTC) program and using an ADFA HOME loan. The property offers one- and two-bedroom floor plans with an average size of 967 square feet on a 5.25-acre site (10.3 units/acre).
Built on a hillside within easy reach of the beautiful Scull Creek Trail, the Village at Scull Creek is a highly accessible community convenient to Fayetteville’s many amenities.
Investment Highlights:
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Well-maintained property offered significantly below replacement cost.
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80% LIHTC and 20% market rate, offering stable cash flow with upside potential.
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Strong submarket with 9.5% 12-month asking rent growth and 10.48% population growth forecasted from 2024-2029.
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The property is available on a fee-simple basis, with low existing debt, offering flexibility in financing.
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Average occupancy rate for 2024 is 95.27%.
Property Amenities
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Community Room with Kitchen
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Conference Rooms Available for Meetings
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Exercise Area
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Laundry Room
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Tenant Storage Lockers
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Elevator Access to all Floors
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Large Central Courtyard (Potential for Recreation Space)
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Walking/Biking Trails Nearby
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Abundant Greenspace
Unit Features
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Fully Equipped Kitchen
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Dishwasher
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Disposal
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Refrigerator
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Ceiling Fans
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Carpet & Vinyl Flooring
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Walk-In Closets
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Window Coverings
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Oversized Walk-In / Roll-In Shower
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All Units are Accessible
Photo Gallery
Investment Summary
ADDRESS: 2619 North Quality Lane
Fayetteville, AR 72703
PROPERTY TYPE: 9% LIHTC
NUMBER OF UNITS: 54
NUMBER OF BUILDINGS: 7 Residential Buildings
YEAR BUILT: 2007
ACREAGE (DENSITY): 5.25 acres (10.3 units/acre)
AVERAGE UNIT SIZE: 967 SF
AVERAGE RENT: $782.50
AVERAGE RENT PSF: $0.81
OCCUPANCY: 98%
FEDERAL COMPLIANCE END: 2023
END OF EXTENDED USE: 2043
OTHER RESTRICTIONS: HOME / LURA
Virtual Deal Room
To receive access to the property's data, please download and sign the Confidentiality Agreement and return it via email to michael.taylor@dallasres.com. Once approved, you will receive an email providing access to the Virtual Deal Room.
Contact Us
Michael C. Taylor, Agent
SA-00094563
Office: 479-251-0300
Mobile: 214-236-1270
David Dallas, Principal Broker
PB-00042452
Office: 479-251-0300
Dallas Real Estate Services
