3020-3044 Donnell Ridge Rd - Apartments FOR SALE


Conway, AR 72034
$1,575,000 USD
501-539-1597
3020-3044 Donnell Ridge Rd, Conway, AR for Sale
$1,575,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

3020-3044 Donnell Ridge Rd
Conway, AR 72034


HIGHLIGHTS

  • Convenient location just off Dave Ward Drive
  • Active occupancy
  • Well maintained property
  • Recently renovated

OVERVIEW

Constructed in 1995, the four duplex townhomes are located off Dave Ward Drive on Donnell Ridge Road in Conway. Current occupancy stands at +/- 62.5% offering multiple options for tenancy. The property benefits from significant capital expenditure investment in 2024, including: roof replacement, new system and appliance upgrades, HVAC, and water heaters. The property location is less than two miles from University of Central Arkansas. There are multiple retail and restaurant options all within a short distance. The property also benefits from close and convenient access to I-40.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

8

PRICE/UNIT

$196,875

CAP RATE

Request Cap Rate

% LEASED

62%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

1C

APN/PARCEL ID

711-12244-001,711-12244-002,711-12244-003,711-12244-004

ASK ABOUT THIS PROPERTY

Daniel VogelColliers | ArkansasMore Info
501-539-1597

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Daniel VogelColliers | ArkansasMore Info
501-539-1597

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