Value-Add 104-Unit Apartment
For Sale
Contact for pricing
Pending
852 E Main St, Blytheville, AR 72315
104-unit apartment community is 78.8% occupied, with over 20 units currently being renovated by the ownership group.
Days on Market110
Property Features for 852 E Main St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 12
Changed: Jul 21
Last Checked: Jul 29 at 2:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes
Investment Insights
Based on property information with market context.
This value-add 104-unit apartment community in Blytheville is 78.8% occupied. Ownership is in the process of flipping 20+ of the 104 units, with renovations that include new flooring, new appliances, new paint, and repairs to walls and electrical. The property is self-managed. Current results show $266,774 in annual NOI, with pro forma underwriting using a 3% management fee.
Blytheville is located in northeastern Arkansas along Interstate 55 between St. Louis, Missouri and Memphis, Tennessee. Area employers include Nucor Steel, Maverick Tube Corporation, Blytheville School District, Walmart, and TMK IPSCO. The area multifamily market has experienced 14.3% effective rent growth, and major regional development announcements include a new 515,000 SF processing and warehousing facility at Nucor Hickman expected to create approximately 255 jobs.
Blytheville is located in northeastern Arkansas along Interstate 55 between St. Louis, Missouri and Memphis, Tennessee. Area employers include Nucor Steel, Maverick Tube Corporation, Blytheville School District, Walmart, and TMK IPSCO. The area multifamily market has experienced 14.3% effective rent growth, and major regional development announcements include a new 515,000 SF processing and warehousing facility at Nucor Hickman expected to create approximately 255 jobs.
Key Highlights
- 104‑unit apartment community in Blytheville, AR, currently 78.8% occupied.
- Ownership is renovating/flipping 20+ units, including new flooring, appliances, paint, and wall/electrical repairs.
- Renovated units are expected to increase rents by 15–20% based on area rent comps.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 72315, AR
20,311
Population
10,081
Households
2
Avg Household Size
37
Median Age
16%
College-Educated
89%
High-School Grad
252.7 sq mi
ZIP Area
80
Density / Sq Mi
$54,297
Median Household Income
$35,061
Median Earnings
$802
Median Rent
$117,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 104-unit apartment community is 78.8% occupied, with over 20 units currently being renovated by the ownership group.
Where is this apartment building located?
The property is located at 852 E Main St Blytheville, AR.
What are key features of this property?
This property features: 104‑unit apartment community in Blytheville, AR, currently 78.8% occupied.; Ownership is renovating/flipping 20+ units, including new flooring, appliances, paint, and wall/electrical repairs.; Renovated units are expected to increase rents by 15–20% based on area rent comps.
