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.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1974
Stories: 2
Living Area: 113,640 SqFt
Listing Office:
Office Name: Moses Tucker Partners
Office Phone: (501) 376-6555
Listing Agent: Zach Saxion
Interior Features
Interior Information:
Appliances: Stove, Electric Range, Dishwasher, Disposal
Flooring Type: Laminate, Partial Carpet, Tile
Exterior Features
Parking Information:
Garage Space: 4 spaces
Parking: Four Car or More
Lot Features
Lot Information:
Lot Size: 9.13 Acres
Utilities
Utilities Information:
Heating: Central
Price Information
Listing Price Info
Price Summary:
List Price: $7,000,000
Price Per SqFt: $62/SqFt
Tax Information:
Annual Amount: $35,725
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
McDermott Elementary School
1200 Reservoir Rd
Distance between this listing and this school0.56 miles
Public District Grades KG-5
5
/10
Fulbright Elementary School
300 Pleasant Valley Dr
Distance between this listing and this school1.22 miles
Public District Grades PK-5
4
/10
Terry Elementary School
10800 Mara Lynn Rd
Distance between this listing and this school1.37 miles
Public District Grades KG-5
Nearby Schools
6
/10
Lisa Academy
21 Corporate Hill Dr
Distance between this listing and this school1.52 miles
Public Charter Grades 6-8
8
/10
Forest Heights STEM Academy
5901 Evergreen Dr
Distance between this listing and this school2.24 miles
Public District Grades KG-8
3
/10
Arkansas Virtual Academy Jr
10802 Executive Center Dr Ste 205
Distance between this listing and this school2.41 miles
Public Charter Grades 6-8
Nearby Schools
7
/10
Lisa Academy High School
21 Corporate Hill Dr
Distance between this listing and this school1.51 miles
Public Charter Grades 9-12
5
/10
Parkview Magnet High School
2501 John Barrow Rd
Distance between this listing and this school2.77 miles
Public Magnet Grades 9-12
6
/10
Estem Public Charter High School
112 W 3rd St Fl 3
Distance between this listing and this school4.00 miles
The neighbors living near this home have an average income of $28,436. Residents of Little Rock, AR typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
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This 113,640 square foot home, which was built in 1974, sits on a 9.13 acre lot. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $7,000,000.
Over 23 listings were sold over their listed price in November 2024 in Little Rock, AR. In the same period over 86 listings were sold below the listed price and 49 listings were sold for the listed price. The number of homes for sale in Little Rock, AR increased by 0.4% between October 2024 and November 2024.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.
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