503 N Pine Street - Apartments FOR SALE


Little Rock, AR 72205- Hillcrest
$725,000 USD
501-554-4189
503 N Pine Street, Little Rock, AR for Sale
$725,000 USD
Apartments - FOR SALE
1/1
null | 4.03% Cap Rate

503 N Pine Street
Little Rock, AR 72205
Hillcrest


HIGHLIGHTS

  • 7-unit apartment complex located at the northeast corner of Lee Avenue & N Pine Street
  • Located in the Historic Hillcrest Neighborhood which has some of the highest market rents in Central Arkansas and is near UAMS (over 10K employees)
  • Kroger and several local restaurants including US Pizza Co, Hill Station, and The Oyster Bar
  • Across the street from Pulaski Heights Middle School
  • Excellent value-add opportunity with room to raise rent, finish interior upgrades, and update the exterior
  • Dedicated parking on site (rare feature in the Hillcrest Neighborhood)

OVERVIEW

503 N Pine Street presents a compelling opportunity to acquire a well-located multifamily asset in the heart of the highly sought after Historic Hillcrest Neighborhood. Just minutes from major employment hubs such as UAMS—one of the largest employers in Little Rock with over 10,000 employees—and conveniently close to Kroger and other neighborhood amenities, this seven-unit property is ideally positioned for long-term growth. With significant value-add potential, investors have the opportunity to enhance returns by renovating unit interiors, modernizing the building’s exterior, and aligning rents with current market rates. This is a rare chance to own a great asset in one of Little Rock’s most desirable and historic neighborhoods, with both immediate upside and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

7

PRICE/UNIT

$103,571

CAP RATE

4.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

33L-047-00-002-00

ASK ABOUT THIS PROPERTY

Cam DeaconMoses Tucker PartnersMore Info
501-554-4189

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Cam DeaconMoses Tucker PartnersMore Info
501-554-4189

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