99 Highway 287 - Apartments FOR SALE


Greenbrier, AR 72058
$540,000 USD
870-530-7262
99 Highway 287, Greenbrier, AR for Sale
$540,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

99 Highway 287
Greenbrier, AR 72058


OVERVIEW

2005 construction - modern systems, low near-term capex risk Direct Highway 65 visibility and access, on the Conway/Greenbrier line Below-market in-place rents with a clear path to market rent Light-lift, unit-level capex program (not a heavy reposition) Located in a submarket with population growth outpacing 85%+ of comparably sized U.S. cities Ideal scale for a private investor, 1031 exchange buyer, or small-fund acquisition Strong long-term hold thesis backed by regional job and population growth This opportunity is well suited for: Private investors and small multifamily operators seeking a manageable value-add project 1031 exchange buyers looking for a stabilized asset with organic upside Local or regional investors who understand the Conway/Greenbrier growth story Buyers seeking to build a small-unit-count multifamily portfolio in a landlord-favorable market

FOR SALE DETAILS

PRICE

$540,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

6

PRICE/UNIT

$90,000

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

99 Highway 287

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,238 SF

ZONING

-

APN/PARCEL ID

337-00007-002

ASK ABOUT THIS PROPERTY

Bryce RichardsonBrick Real EstateMore Info
870-530-7262

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Bryce RichardsonBrick Real EstateMore Info
870-530-7262

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