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.
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.
Exclusively Listed By
Broker of Record
