Property details

Arkansas Value-Add Class A Multifamily, Southeast Region

Property Description

260 Units.

Located in a major MSA of Arkansas.

Located in a "A" Location.

Located in a high income. low crime area.

Value-Add lies in the property is currently mismanaged.

Averages 85% Occupancy (Strong upside for an experienced multi-family Landlord)

There is 35 years remaining on an assumable HUD loan at low and fixed 4.25%.

There is approx. $20M in debt remaining on the loan.

Great demographics / high incomes

Great Market

Strong retail and population growth trends

Value-Add also lies in Interior upgrades that could be made to justify rental increases

Well-built facility that is only 5 years old

This property is in great shape and looks brand new.

This property is clearly being sold at below replacement cost.

Value-Add also lies in rise in population coming into this community, providing added upside value.

HUGE selling point - there is a 300,000 SF headquarters being built less than a half mile down the road. It will bring 5,000 - 6,000 jobs which is anticipated to bring continued renters.



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Highlights

Status:
Available
Price:
$32,500,000
 

Property Information

Property Type:
Apartments
Industry Type:
Apartment - Multifamily
Units/Spaces:
260
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.