Investment Overview

Marcus & Millichap is pleased to present Magnolia Heights, a 20-unit multifamily property located in Sheridan, Arkansas. Sheridan is located just 35 miles south of Little Rock, Arkansas which is home to the most populated city in Arkansas. This property consists of twenty rentable units which are all two-bedroom, two-bathroom units and has one-to-one parking. This property has roughly ±20,800 rentable square feet with each unit being ±1,040 square feet. Tenants are responsible for their own electricity while the owner pays for water and trash. This property has seen historically high occupancy and is in a stable market. With this value-add property, a new owner can raise rents through implementing a unit upgrade plan and utility bill back program to increase net operating income.