2226 Merrill Dr - Apartments FOR SALE


Forrest City, AR 72335
$4,850,000 USD
713-594-1576
2226 Merrill Dr, Forrest City, AR for Sale
$4,850,000 USD
Apartments - FOR SALE
1/24
null | 10% Cap Rate

2226 Merrill Dr
Forrest City, AR 72335


HIGHLIGHTS

  • 425 units across 10 complexes - can buy any or all
  • Unprecedented cap rates
  • 225 units in Forrest City, 201 units in Blytheville - opportunity to own 50%+/- of the apartments in a growing market

OVERVIEW

Sealed Bid Auction will conclude Thursday, December 4th at 11am CT All bids must be submitted by 11am CT Successful bidders will be notified within 24 hours of auction close You may bid on any property individually or in total This is an unprecedented opportunity to earn double digit cap rates in an appreciating sector of the country! If bid is a minimum of 80% of appraised value, the owners agree to guarantee 100% occupancy for 12 months. 100% occupancy gap based on rent roll at closing, will be paid at closing. Massive potential to get some double rents for 12 months! 425 units being sold across 10 complexes - can buy in total or individually

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$14 USD /SF

# OF UNITS

94

PRICE/UNIT

$51,596

CAP RATE

10%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carriage House Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11 AC

LAND SF

479,160 SF

ZONING

R3

APN/PARCEL ID

0800-00160-0000,0800-00183-0001

ASK ABOUT THIS PROPERTY

Logan ThomasAuctionSection.comMore Info
713-594-1576

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Logan ThomasAuctionSection.comMore Info
713-594-1576

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