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Multifamily

Woodridge Crossing

9700 Baseline Rd, Little Rock, AR 72209

Listing Price: Request For Offer

Occupancy
85.0%

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

Investment Highlights

  • The Property underwent complete physical repositioning in 2018/2019
  • Attractive assumable debt
  • Located on a major thoroughfare near an abundance of employers, retail, dinning, and entertainment

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Multifamily

Woodridge Crossing

Investment Highlights

  • The Property underwent complete physical repositioning in 2018/2019
  • Attractive assumable debt
  • Located on a major thoroughfare near an abundance of employers, retail, dinning, and entertainment

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

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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