Multifamily
Families First Portfolio
2916 E Polk Ave, West Memphis, AR 72301
Listing Price: Request For Offer
Investment Overview
Families First Portfolio includes a mix of 50 single family homes and duplexes within a 3.5-mile radius in West Memphis, Arkansas. The submarket has an average household income of $48,460 and a median age of 33.3 representing a strong demand for rental housing. The portfolio provides an investor the
opportunity to push rents through a value-add strategy in a submarket with high renter demand. The proximity of the assets in the portfolio provides easier management and oversight of the homes and duplexes.
Investment Highlights
- Properties clustered in a small radius allowing more efficient management operations
- High renter demand in the submarket
- Attractive basis compared to renovated sale comps
- Room to grow rents on average $161 through a value-add strategy
Exclusively Listed By
Broker of Record
Investment Highlights
- Properties clustered in a small radius allowing more efficient management operations
- High renter demand in the submarket
- Attractive basis compared to renovated sale comps
- Room to grow rents on average $161 through a value-add strategy
Investment Overview
Families First Portfolio includes a mix of 50 single family homes and duplexes within a 3.5-mile radius in West Memphis, Arkansas. The submarket has an average household income of $48,460 and a median age of 33.3 representing a strong demand for rental housing. The portfolio provides an investor the opportunity to push rents through a value-add strategy in a submarket with high renter demand. The proximity of the assets in the portfolio provides easier management and oversight of the homes and duplexes.