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Multifamily

Thirty Five Fifteen Apartments

3515 Harrison St, Batesville, AR 72501

Listing Price: Request For Offer

Number of Units
45
Occupancy
93.0%

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 45 apartment units located in Batesville, Arkansas. Spread over 3 acres, The Property is ideally located off Harrison Street granting tenants easy access to nearby employers, restaurants and retail. Major employers located within a short drive of The Property include Lyon College, Peco Foods and the White River Medical Center. The Property has undergone a management restructuring allowing an investor to seamlessly transition into ownership of a stabilized cash-flowing asset. Current ownership has employed professional third-party management to efficiently streamline operations resulting in increasing rental income in-line with market rates and capturing income streams not previously recognized. Batesville, AR is located on the White River and nestled in the foothills of the Ozark Mountains providing tenants of Thirty Five Fifteen Apartments a scenic and quaint living experience.

Investment Highlights

  • Upside Through Continuing to Transfer Utility Obligation to the Tenants and Implementing RUBS
  • 5 of 6 Buildings Constructed in 2017 with Pristine Unit Finishes
  • Well Maintained Asset with No Deferred Maintenance (new roof 2021 on building constructed in 1996)

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Multifamily

Thirty Five Fifteen Apartments

Listing Price: Request For Offer

Number of Units
45
Occupancy
93.0%

Investment Highlights

  • Upside Through Continuing to Transfer Utility Obligation to the Tenants and Implementing RUBS
  • 5 of 6 Buildings Constructed in 2017 with Pristine Unit Finishes
  • Well Maintained Asset with No Deferred Maintenance (new roof 2021 on building constructed in 1996)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 45 apartment units located in Batesville, Arkansas. Spread over 3 acres, The Property is ideally located off Harrison Street granting tenants easy access to nearby employers, restaurants and retail. Major employers located within a short drive of The Property include Lyon College, Peco Foods and the White River Medical Center. The Property has undergone a management restructuring allowing an investor to seamlessly transition into ownership of a stabilized cash-flowing asset. Current ownership has employed professional third-party management to efficiently streamline operations resulting in increasing rental income in-line with market rates and capturing income streams not previously recognized. Batesville, AR is located on the White River and nestled in the foothills of the Ozark Mountains providing tenants of Thirty Five Fifteen Apartments a scenic and quaint living experience.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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