Main St - Residential Income FOR SALE


Benton, AR 72015
$23,000,000 USD
770-692-1605
Main St, Benton, AR for Sale
$23,000,000 USD
Residential Income - FOR SALE
1/27
null | Request Cap Rate

Main St
Benton, AR 72015


OVERVIEW

At Avison Young Hospitality Group, our focus is exclusively on hotels. However, one of our hotel clients has requested that we sell his housing portfolio to free up equity for expanding his hotel brand and portfolio. This offering is located in Benton, Arkansas, a suburb of Little Rock. It includes 96 single-family houses, 116 multi-family housing units, and 1 storage building consisting of 43 individual rentable units. The single-family houses are individual homes, while the multi-family portfolio consists of 92 apartments, along with duplexes, triplexes, and cottages. All properties are situated within a 5-mile radius in Benton, AR. The portfolio boasts nearly 100 percent occupancy and generates approximately $200,000 in rental income per month, with an annual net cash flow of $1.6 million to $1.7 million after expenses. The offering includes staff, and the leasing office can be purchased for a reasonable amount if desired. The asking price is $23M, presenting a unique investment opportunity with significant upside potential.

FOR SALE DETAILS

PRICE

$23,000,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

213-Unit Rental Residential Benton Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Keith ThompsonAvison Young Hotel GroupMore Info
770-692-1605

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Keith ThompsonAvison Young Hotel GroupMore Info
770-692-1605

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