Ridgeland Townhomes is a 48-unit multifamily asset located in Pocahontas, Arkansas. The property is made up of 8 buildings and is situated along U.S. Highways 62 and 67 with convenient access to Jonesboro. Built in 2017, Ridgeland features a townhome-style unit mix of 36 2BD/2.5BA units averaging 1,486 SF and 12 3BD/3BA units averaging 1,776 SF. All 48 units include an owner-provided washer and dryer, and tenants are responsible for electric. 17 units are individually metered for water, while the remaining 31 units are billed back to tenants for $65.00 a month. Current ownership achieves $296,240 in current NOI at 95.83% occupancy. 47/48 units have been turned since current ownership took over in 2023. Unit turns have included but have not been limited to the following: flooring, fresh paint, and appliance replacements. Additionally, property-wide improvements such as a resurfaced parking lot, new signage, and new landscaping, have been implemented leaving new ownership with minimal deferred capex to inherit.