Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 55 apartment units located in Little Rock, Arkansas. Spread over 1.41 acres and 3 buildings, The Property is ideally located on Baseline Road (15,000 vehicles-per-day) providing excellent street frontage that helps drive foot traffic and walk-in applications. The Property is less than 0.1 miles from Interstate 30 (103,000 vehicles-per-day) granting tenants easy access to the entire metropolitan area. The average age and median household income within 5 miles is 31.2 and $47,539, respectively, representing a large demand for rental housing in the submarket. The Property underwent a complete physical reposition in the previous 24-36 months. Current ownership is pushing rents to market levels and implementing other income revenue streams not previously recognized. The Property is offered as an assumption. 3.81% Interest Rate 10 Year Term - Maturing July 2030 (originated August, 24, 2020) 3 Year I/O - Expires July 2023 30 Year Amortization Loan Balance: $2,291,000