Three-Bedroom Residential
For Sale
$125,000
2001 Reservoir Unit 14, Little Rock, AR 72227
A private patio extends the living space of this gated condominium.
Property Size1,380 SF
Price / SF$90.58
Days on Market38
Property Features for 2001 Reservoir Unit 14
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Condo/Townhse/Duplex/Apt
Property Condition
Severity
Repairs Needed
Evidence
Lots of potential for your own decorating
Site & Location
Neighborhood
Sturbridge
Units
Unit Mix
3 bedroom
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,341
Amenities
private patio
gated community
Building Details
Building Size
1,380 SF
Year Built
1981
Listing Agency:
Resource Realty
Listed By:
Carmen Brown
(501) 398-9323
Source:
Carmensellshomesinarkansas
Added: Sep 23
Changed: Oct 26
Last Checked: Oct 26 at 2:10PM
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 Resource Realty
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Investment Insights
Based on property information with market context.
This 1,380-square-foot condominium has three bedrooms and a private patio. Built in 1981, the residence is located within the gated Tamarack Pines community in Little Rock.
The property is offered in as-is condition, with no disclosure provided.
The property is offered in as-is condition, with no disclosure provided.
Key Highlights
- Three‑bedroom condominium
- 1,380 square feet of living area
- Private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,154
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,080
$223.1K
Cap Rate 7%
$159,343
$159.3K
Cap Rate 9%
$123,933
$123.9K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$21.5K $15.60/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$20.3K $14.70/SF
− OpEx
−$9.1K −$6.61/SF
NOI
$11.2K $8.08/SF
Area
Little Rock, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,080
Cap Rate 7%
$159,343
Cap Rate 9%
$123,933
Alternative Uses
Best Use
Apartment 5plus
$159.3K
$139.4K – $185.9K
NOI $11,154 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$250.7K
$219.4K – $292.5K
NOI $17,548 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
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Business Placement
Demographics for 72227, AR
11,090
Population
5,700
Households
1.9
Avg Household Size
41
Median Age
55%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,918
Density / Sq Mi
$73,533
Median Household Income
$52,565
Median Earnings
$1,035
Median Rent
$260,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private patio extends the living space of this gated condominium.
Where is this residential income property located?
The property is located at 2001 Reservoir Unit 14 Little Rock, AR.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Three‑bedroom condominium; 1,380 square feet of living area; Private patio
