Multifamily
Walnut Ridge Portfolio
1072 2nd Avenue walnut, Walnut Ridge, AR 72476
Listing Price: $16,000,000
Investment Overview
Marcus & Millichap is pleased to present Walnut Ridge, a 164-unit multifamily portfolio located in Walnut Ridge, Arkansas. Constructed between 2020 and 2023, the portfolio provides investors with modern Class A communities and control of more than 50% of the city's apartment inventory, creating meaningful pricing power and operational efficiencies. New ownership can further increase NOI through a washer and dryer leasing program projected to create more than $1.6 million in additional property value at a 6.0% capitalization rate, as well as implementation of a $50 monthly water reimbursement program. The portfolio benefits from limited competitive multifamily supply and a diverse employment base supported by Lawrence Memorial Hospital, Williams Baptist University, and the aviation and manufacturing industries surrounding Walnut Ridge Regional Airport. Immediate access to U.S. Highways 63 and 67, including the future Interstate 57 corridor, further strengthens the portfolio's long-term investment position.
Walnut Ridge Portfolio
Investment Highlights
- Control more than 50% of Walnut Ridge's apartment inventory, providing significant pricing power, operational efficiencies, and economies of scale.
- Implement a washer and dryer leasing program across 164 units at a $50 monthly premium, creating more than $1.6 million in potential property value at a 6.0% cap rate.
- Modern 2020–2023 construction in a supply-constrained market supported by healthcare, higher education, aviation, manufacturing, and expanding regional infrastructure.
Listing Price: $16,000,000
Investment Highlights
- Control more than 50% of Walnut Ridge's apartment inventory, providing significant pricing power, operational efficiencies, and economies of scale.
- Implement a washer and dryer leasing program across 164 units at a $50 monthly premium, creating more than $1.6 million in potential property value at a 6.0% cap rate.
- Modern 2020–2023 construction in a supply-constrained market supported by healthcare, higher education, aviation, manufacturing, and expanding regional infrastructure.
Investment Overview
Marcus & Millichap is pleased to present Walnut Ridge, a 164-unit multifamily portfolio located in Walnut Ridge, Arkansas. Constructed between 2020 and 2023, the portfolio provides investors with modern Class A communities and control of more than 50% of the city's apartment inventory, creating meaningful pricing power and operational efficiencies. New ownership can further increase NOI through a washer and dryer leasing program projected to create more than $1.6 million in additional property value at a 6.0% capitalization rate, as well as implementation of a $50 monthly water reimbursement program. The portfolio benefits from limited competitive multifamily supply and a diverse employment base supported by Lawrence Memorial Hospital, Williams Baptist University, and the aviation and manufacturing industries surrounding Walnut Ridge Regional Airport. Immediate access to U.S. Highways 63 and 67, including the future Interstate 57 corridor, further strengthens the portfolio's long-term investment position.
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