206 Kanis Ridge Dr - Multi-Family FOR SALE


Little Rock, AR 72223- Rock Creek
$6,000,000 USD
479-231-7833
206 Kanis Ridge Dr, Little Rock, AR for Sale
$6,000,000 USD
Multi-Family - FOR SALE
1/38
null | Request Cap Rate

206 Kanis Ridge Dr
Little Rock, AR 72223
Rock Creek


HIGHLIGHTS

  • 16 newly constructed (2022–2023) single-family rental homes in West Little Rock’s most desirable residential corridor
  • Fee-simple, individually parceled assets, allowing both portfolio hold and individual retail disposition strategies
  • Strong in-place occupancy (~94%) with rents supported by comparable new-construction SFR product

OVERVIEW

Kanis Ridge Estates presents a rare opportunity to acquire a high-quality collection of modern build-for-rent homes in one of Little Rock’s most desirable residential pockets. Situated along the growing western corridor, the community offers investors long-term stability supported by strong demand for single-family rentals, superior construction quality, and family-friendly neighborhood appeal. Completed with contemporary design and functional layouts, the homes range from 1,900 to 2,400 square feet of heated and cooled living space. Each residence features an open-concept floor plan ideal for today’s lifestyle needs, complemented by elegant interior finishes including luxury plank flooring, custom cabinetry, solid-surface countertops, and stainless-steel appliances highlighted by a gas slide-in range. High-efficiency construction—featuring cellulose-insulated exterior walls and R-38 attic insulation—delivers durable performance and reduced operating costs. Thoughtful details are incorporated throughout, such as gas log fireplaces, built-in pantries, walk-in closets, and tiled master showers. Outdoor living is enhanced with covered back patios and small private yards, offering residents the perfect blend of low-maintenance living and personal space. Kanis Ridge Estates represents an attractive, low-maintenance investment poised to benefit from sustained renter demand, modern construction, and the continued expansion of the Little Rock housing market.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

16

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kanis Ridge Estates

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

44L-076-09-004-00

ASK ABOUT THIS PROPERTY

Corey AllenColliersMore Info
479-231-7833

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Corey AllenColliersMore Info
479-231-7833

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