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Little Rock,AR 72227
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 113,640 sqft
Price per Sqft $61
Subdivision Not In List
MLS Listing ID 24044159
Style Traditional
Year Built 1974
Annual Tax Amount $121,072
Lot Size 9.130 Acres
Acres 9.13
Property Description
Value-Add Opportunity! Discover an exceptional investment opportunity in West Little Rock with this 222-unit apartment complex listed at an unbeatable price of $7 million. With a cost per unit that's hard to match, this property offers massive value-add potential for investors looking to reposition and unlock its full profitability. Currently mostly vacant, the property provides a blank slate for renovations and strategic improvements. An appraisal values the complex at $20 million post-renovation, underscoring the incredible upside. Located in a high-demand area, this asset is poised for significant growth. The owner is open to selling half of the property, offering additional flexibility to tailor the investment to your goals. Don't miss the chance to capitalize on this rare opportunity in one of Little Rock's most promising multifamily markets! Owner has significantly cleaned up property after tornado. New roofs are currently being installed.
Location
State AR
County Pulaski
Area Lit - West Little Rock (Central)
Zoning MF
Rooms
Kitchen Free-Standing Stove,Electric Range,Dishwasher,Disposal,Refrigerator-Stays
Interior
Heating Central Cool -Unspecified,Central Heat -Unspecified
Flooring Partial Carpet,Tile,Laminate
Equipment Free-Standing Stove,Electric Range,Dishwasher,Disposal,Refrigerator-Stays
Exterior
Parking Features Four Car or More
Utilities Available Sewer-Public,Water-Public
Roof Type Architectural Shingle
Building
Lot Description Extra Landscaping,Will Subdivide
Foundation Slab
New Construction No