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Little Rock, AR 72227

  • 0 Beds
  • 0 Baths
  • Multi-Family
  • MLS# 24044159
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Property Details

Value-Add Opportunity! Discover an exceptional investment opportunity in West Little Rock with this 222-unit apartment complex listed at an unbeatable price of $7 million. With a cost per unit that's hard to match, this property offers massive value-add potential for investors looking to reposition and unlock its full profitability. Currently mostly vacant, the property provides a blank slate for renovations and strategic improvements. An appraisal values the complex at $20 million post-renovation, underscoring the incredible upside. Located in a high-demand area, this asset is poised for significant growth. The owner is open to selling half of the property, offering additional flexibility to tailor the investment to your goals. Don't miss the chance to capitalize on this rare opportunity in one of Little Rock's most promising multifamily markets! Owner has significantly cleaned up property after tornado. New roofs are currently being installed.

  • General Features
    • Annual Taxes 121072
    • Area LIT - WEST LITTLE ROCK (CENTRAL)
    • Foreclosure Reo NO
    • County Pulaski
    • Style Traditional
    • Subdivision Not in List
  • Building Features
    • Floors Partial Carpet, Tile, Laminate
    • Exterior Composition
    • Utilities Sewer-Public, Water-Public
    • Kitchen Equipment Free-Standing Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
    • Roof Architectural Shingle
    • Heating And Air Cond Central Cool -Unspecified, Central Heat -Unspecified
    • Garage Parking Four Car or More
    • Foundation Slab
  • Property Features
    • Approx Acreage 9.13
    • Road Surface Paved

Contact

Lorre Staretz

Lorre Staretz

REALTOR

RE/MAX Elite

Direct: 501-912-3757

Neighborhood

Neighborhood Details available exclusively for My Property Finder members

Property History

Date Event Price Percent Change
-- Current Price Source: Multiple Listing Service New Value: $7,000,000
12/17/2024 12:25:50 AM Status Changed Source: Multiple Listing Service New Value: Active
12/10/2024 1:56:00 PM New in Database Source: Multiple Listing Service New Value: $7,000,000

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** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity? Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerager firms other than RE/MAX Arkansas, are marked with the Broker Reciprocity? logo and information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.
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Data last updated 12/21/2024 5:26:05 PM PST.


Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.