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1700 Main StWalnut Ridge, AR 72476

164 Units, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional multifamily investment opportunity encompasses a 164-unit apartment portfolio situated in Walnut Ridge, Arkansas. The portfolio consists of 32 one-story buildings, totaling 157,200 net rentable square feet, constructed between 2020 and 2023 on approximately 7-8 acres of land. The property features a mix of unit sizes, with 100 units built between 2020 and 2022, and an additional 64 units completed in 2023. Each unit is equipped with modern amenities including stainless steel appliances and in-unit washer/dryers. The buildings are constructed on slabs, utilize PEX piping and copper wiring, and feature 100-amp electrical panels. Individual electric meters are installed for each unit, while water metering is done at the building level. This property presents a compelling value-add opportunity, strategically located approximately 27.5 miles (a 35-minute drive) from the Craighead Technology Park, a 2,100-acre hub for high-tech industries driving job growth in the region. The property's location in Lawrence County, Arkansas, offers investors access to a growing market with strong potential for rental income and appreciation. The portfolio is conveniently located at various addresses in Walnut Ridge, AR, 72476. This is a rare opportunity to acquire a substantial, recently constructed multifamily asset in a developing area.

Highlights

  • Conveniently located 35 minutes from Craighead Technology Park, a major high-tech employment center.
  • 164 new units constructed between 2020 and 2023.
  • All units feature stainless steel appliances and in-unit washer/dryers.
  • Slab-on-grade construction.
  • Individually metered electricity.
  • Building-metered water.

Property Details for 1700 Main St

Property type
Apartment buildings
Class
B
Year Built
2020
Buildings
32
Stories
1
Lot Size (sq. ft)
304,920 SF
Units
164

Location Insight

City
Walnut Ridge
County
Lawrence
State
Arkansas
Latitude
36.0751341
Longitude
-90.9758634
1700 Main St, Walnut Ridge, Arkansas

FAQs

What type of property is this?
Apartment building - 164 Units, Value-Add Opportunity
Where is the apartment building located?
The property is located at 1700 Main St Walnut Ridge, AR.
What are key features of this property?
This property features: Conveniently located 35 minutes from Craighead Technology Park, a major high-tech employment center.; 164 new units constructed between 2020 and 2023.; All units feature stainless steel appliances and in-unit washer/dryers.
How can I contact the broker?
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1700 Main St
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