401 N Cumberland Ave - Apartments FOR SALE


Russellville, AR 72801
$3,950,000 USD
501-266-0007
401 N Cumberland Ave, Russellville, AR for Sale
$3,950,000 USD
Apartments - FOR SALE
1/45
null | 7.36% Cap Rate

401 N Cumberland Ave
Russellville, AR 72801


HIGHLIGHTS

  • High-demand location — Walking distance to Arkansas Tech University, a major and stable tenant driver.
  • Strong occupancy potential — University, local medical employers, and retail corridors support consistent rental demand.
  • 50-unit scale — Rare size in the Russellville market, allowing operational efficiencies with on-site or nearby property management.
  • Efficient unit mix — 1- and 2-bedroom layouts appeal to students, young professionals, and small families.
  • Proven rental comps — Existing rent levels leave room for repositioning and incremental rent growth.
  • Tenant retention drivers — Proximity to grocery, restaurants, services, and major roadways increases long-term livability.

OVERVIEW

This 50-unit garden-style apartment community presents a rare opportunity to acquire ten two-story buildings on over 3 acres in a fast growing city. Located near shops (Walmart), schools (Arkansas Tech University, Russellville high school, middle school), and minutes from parks and lake Dardanelle with its many trails, this area provides the ideal location to attract long term tenants. Easy to run building with maintenance personnel on site and an excellent manager that takes great care of the building and oversees day-to-day operations. Well cared for property with extensive recent upgrades including: All units have also been upgraded with: - New central air and heating and new water heater installed in most units for energy efficiency and minimize maintenance costs. - brand new granite countertops with new faucets and sinks, - brand new stoves and brand new refrigerators, - Updated flooring, painting, new LED lighting, - all new ceiling fans and electrical outlets. - All exterior staircases have been redone and wood beams replaced with brand new carbon steel. -Extra income from onsite laundry facility. This cash-flowing property is ideal for both local and remote investors looking for an easy to manage investment.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

50

PRICE/UNIT

$79,000

CAP RATE

7.36%

% LEASED

76%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cumberland Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

87

LAND DETAILS

LAND ACRES

2.96 AC

LAND SF

128,938 SF

ZONING

R2

APN/PARCEL ID

812-00075-000C

ASK ABOUT THIS PROPERTY

Sergio ConversCapital Real Estate AdvisorsMore Info
501-266-0007

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Sergio ConversCapital Real Estate AdvisorsMore Info
501-266-0007

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