1839 Tyler St - Apartments FOR SALE


Conway, AR 72032- Downtown Conway
$2,100,000 USD
501-358-8280
1839 Tyler St, Conway, AR for Sale
$2,100,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

1839 Tyler St
Conway, AR 72032
Downtown Conway


HIGHLIGHTS

  • 19-unit multifamily investment opportunity located in Conway’s established student/retail corridor, less than 0.5 miles from Hendrix College
  • Attractive unit mix consisting of nine (9) 1-bedroom units (±900 SF) and ten (10) 2-bedroom units (±950 SF)
  • 12 of 19 units have been renovated with low-maintenance wood-look tile flooring and updated interior paint
  • Significant capital improvements: new roof (2021), new exterior columns, and renovated common corridors ft. updated doors, flooring, paint & lighting
  • Additional improvements: low-maintenance rock landscaping, repainted unit doors/numbering, replacement of exterior water shutoffs, new LED lighting
  • Positioned just off Tyler Street (±9,900 VPD), less than 1 mile from Walmart Supercenter, Lowe’s, 10 Fitness, 7 Brew Coffee, Starbucks, and more

OVERVIEW

19-unit multifamily investment opportunity strategically located in Conway’s established student and retail corridor, less than 0.5 miles from Hendrix College (1,150 students). Attractive unit mix consisting of nine (9) 1-bedroom units (±900 SF) and ten (10) 2-bedroom units (±950 SF). 12 of 19 units have been renovated with low-maintenance wood-look tile flooring and updated interior paint. Significant recent capital improvements include a new roof (2021), new exterior columns, and renovated common corridors featuring updated doors, flooring, paint, and lighting. Additional exterior improvements include low-maintenance rock landscaping, repainted unit doors with new numbering, replacement of exterior water shutoffs with ball valves, and upgraded LED exterior lighting. Positioned just off Tyler Street (±9,900 VPD), providing convenient connectivity to downtown Conway and The Village at Hendrix, a walkable mixed-use neighborhood. Less than 1 mile from Walmart Supercenter, Lowe’s, 10 Fitness, 7 Brew Coffee, Starbucks, Firehouse Subs, Wendy’s, and numerous other national retailers. Situated within a dense residential, student, and retail corridor, providing convenient access to everyday shopping, dining, fitness, and services.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

19

PRICE/UNIT

$110,526

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tyler Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

MF-3

APN/PARCEL ID

710-08207-000

ASK ABOUT THIS PROPERTY

Clint BaileyMoses Tucker PartnersMore Info
501-358-8280

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Clint BaileyMoses Tucker PartnersMore Info
501-358-8280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.