0 Town And Country AveLittle Rock, AR 72204

Property Details for 0 Town And Country Ave

Year built

1963

Lot size

0.66 AC

Property size (Sq ft)

11,580 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7215

Longitude

-92.3433

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