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Multifamily

Pine Bluff Portfolio

2810 S Poplar St, Pine Bluff, AR 71603

Listing Price: Request For Offer

Number of Units
71
Occupancy
91.0%

Investment Overview

Marcus & Millichap is please to exclusively offer for sale a two-property portfolio totaling 71 apartment units located in the heart of Pine Bluff, AR. Spread over two parcels and approximately 2.87 acres, the Properties are well-located in a neighborhood with a host of stores and service providers including several grocery-anchored shopping centers, Walgreens, Bank of America, and academic institutions ranging from elementary to the collegiate level. The Properties are located nearly 1 mile from the Jefferson Regional Medical Center that has over 1,600 employees.

Investment Highlights

  • Value add opportunity to increase collections and raise rents to market levels.
  • Strong historical occupancy of 95%+ and average collection loss of 5%.
  • The Properties are located within 1 mile providing operators the ability to effectively manage both assets from one office.
  • Close proximity to major thoroughfares granting easy access to employers, retail and entertainment.
  • Offered Free & Clear.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s) AR: PB00066390

    Arkansas

Listing Price: Request For Offer

Number of Units
71
Occupancy
91.0%

Investment Highlights

  • Value add opportunity to increase collections and raise rents to market levels.
  • Strong historical occupancy of 95%+ and average collection loss of 5%.
  • The Properties are located within 1 mile providing operators the ability to effectively manage both assets from one office.
  • Close proximity to major thoroughfares granting easy access to employers, retail and entertainment.
  • Offered Free & Clear.

Investment Overview

Marcus & Millichap is please to exclusively offer for sale a two-property portfolio totaling 71 apartment units located in the heart of Pine Bluff, AR. Spread over two parcels and approximately 2.87 acres, the Properties are well-located in a neighborhood with a host of stores and service providers including several grocery-anchored shopping centers, Walgreens, Bank of America, and academic institutions ranging from elementary to the collegiate level. The Properties are located nearly 1 mile from the Jefferson Regional Medical Center that has over 1,600 employees.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s): AR: PB00066390

    Arkansas

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