For Sale
$995,000

0 Town And Country AveLittle Rock, AR 72204

18-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents an 18-unit apartment complex in Little Rock, Arkansas, situated on a 0.66-acre lot at 3415 Town & Country Avenue. Built in 1963, this two-story, Class C building boasts 11,580 square feet of living space, currently enjoying 100% occupancy. All 18 units are two-bedroom apartments, offering a consistent rental income stream. The property features a gated entrance, enhancing security and resident peace of mind. With a net operating income (NOI) of $84,176 and an asking price of $995,000, this translates to an attractive cap rate of 8.46% and a price per unit of $55,277.78. The property's prime location across from the University of Arkansas at Little Rock ensures strong rental demand and proximity to urban amenities. This well-established multifamily asset offers a stable investment opportunity in a desirable location. The property's financial performance demonstrates its potential for continued growth and profitability. Detailed financial information is available upon request. This is a turnkey investment ready for immediate income generation.

Highlights

  • Fully occupied 18-unit apartment complex.
  • Built in 1963.
  • Net Operating Income (NOI) of $84,176.
  • Gated community.

Property Details for 0 Town And Country Ave

Property type
Apartment buildings
Square Feet
11,580 SF
Class
C
Year Built
1963
Buildings
1
Stories
2
Lot Size (sq. ft)
28,750 SF
Units
18

Location Insight

City
Little Rock
County
Pulaski
State
Arkansas
Latitude
34.721534172646
Longitude
-92.343329858364
Town And Country Ave, Little Rock, Arkansas

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0 Town And Country Ave
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