29-Unit Apartment
For Sale
Contact for pricing
Pending
207 B St, Paragould, AR 72450
Value-add 29-unit apartment property with on-site renovations, window A/C, and a 2013 metal roof.
Days on Market111
Property Features for 207 B St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
29
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 29 at 12:58PM
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 29-unit apartment property offers a value-add renovation path, supported by capital improvements completed by the current ownership. Two units are currently used for storage and could potentially be converted into rentable units. All units feature window A/C, and 80% of those window units were replaced within the last two years. A metal roof was installed in 2013, and ownership has remodeled five units with new floors, drywall, paint, and cabinets.
The property is located at 207 B St in Paragould, Arkansas, and is currently managed by a third-party management company. Ownership is achieving $70,250 in annual NOI as reported in the offering materials.
With ongoing renovation program opportunities and additional fee-based and cost-saving approaches described in the investment summary (including potential utility billing and water conservation updates), new ownership may be able to improve operating performance in line with the provided pro forma assumptions.
The property is located at 207 B St in Paragould, Arkansas, and is currently managed by a third-party management company. Ownership is achieving $70,250 in annual NOI as reported in the offering materials.
With ongoing renovation program opportunities and additional fee-based and cost-saving approaches described in the investment summary (including potential utility billing and water conservation updates), new ownership may be able to improve operating performance in line with the provided pro forma assumptions.
Key Highlights
- 29‑unit value‑add apartment property in Paragould, AR (Clearview Apartments).
- Renovations totaling approx. $300k–$400k by current ownership, including remodeling 5 units with new floors, drywall, paint, and cabinets.
- All units feature window A/C units; 80% of the window units were replaced in the last 2 years.
Property Analytics
Current Use
Lease Details
29
Residential units
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 72450, AR
39,945
Population
16,784
Households
2.4
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
285.3 sq mi
ZIP Area
140
Density / Sq Mi
$56,390
Median Household Income
$37,008
Median Earnings
$865
Median Rent
$169,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Value-add 29-unit apartment property with on-site renovations, window A/C, and a 2013 metal roof.
Where is this apartment building located?
The property is located at 207 B St Paragould, AR.
What are key features of this property?
This property features: 29‑unit value‑add apartment property in Paragould, AR (Clearview Apartments).; Renovations totaling approx. $300k–$400k by current ownership, including remodeling 5 units with new floors, drywall, paint, and cabinets.; All units feature window A/C units; 80% of the window units were replaced in the last 2 years.
