800 N Beech St - Apartments FOR SALE


North Little Rock, AR 72114
$4,500,000 USD
901-828-8419
800 N Beech St, North Little Rock, AR for Sale
$4,500,000 USD
Apartments - FOR SALE
1/2
null | 10% Cap Rate

800 N Beech St
North Little Rock, AR 72114


HIGHLIGHTS

  • Attractive Basis
  • Located less than a mile from the Argenta Arts District
  • Fully Vacant - expedite rehab.

OVERVIEW

Shorter College Gardens is a lender-controlled sale at an attractive basis of $24K+/- per door. The property is fully vacant, allowing new ownership to realize a faster timeline to renovating units. Projected capital needs are in the low $20K range per door to renovate and stabilize.Community Investment: Shorter College Gardens is located less than 1 mile from the downtown historical Argenta Arts District of North Little Rock, where there is limitless shopping, dining, and entertainment. The District is part of the Main Street America initiative, which champions quality of living and strong communities, creating a prime high-growth location driving strong tenant demand and lasting value.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$24 USD /SF

# OF UNITS

188

PRICE/UNIT

$23,936

CAP RATE

10%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shorter College Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

205

LAND DETAILS

LAND ACRES

10.3 AC

LAND SF

448,668 SF

ZONING

-

APN/PARCEL ID

33N-288-00-002-00

ASK ABOUT THIS PROPERTY

Ben ParrishBerkadiaMore Info
901-828-8419

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Ben ParrishBerkadiaMore Info
901-828-8419

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