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Multifamily

Families First Portfolio

2211 Jackson Heights, West Memphis, AR 72301

Listing Price: Request For Offer

Number of Units
50
Occupancy
82.0%

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

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Multifamily

Families First Portfolio

Listing Price: Request For Offer

Number of Units
50
Occupancy
82.0%

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.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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