Vanguard Real Estate Advisors (“VREA”) is pleased to present the exclusive opportunity to purchase 10 units located at 803 N. Clay Street (“Property” or “803 N. Clay”) in the city of Magnolia located in south-central Arkansas. Units average 672 square feet, and the Property is currently 100% occupied. The Property was built in 1983 and underwent a full renovation in 2012, including upgrades to kitchens, HVAC systems, flooring, paint, and a new roof. The unit mix features nine 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, making it highly functional for a wide range of tenants. Its central location places residents in immediate proximity to Southern Arkansas University (“SAU”), Magnolia Regional Medical Center, and many of the city’s primary retailers and employers.
The Property is a well-maintained garden-style community and presents multiple avenues for potential upside. The City’s economy is anchored by Southern Arkansas University, Albemarle Corporation’s bromine production facilities, Magnolia Regional Medical Center, and a diverse manufacturing base.
Call us to schedule a tour of the Property.
A 3% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.