Residential Income Property with
2200 Andover Ct #605, Little Rock, AR 72227
For Sale
$210,000
A 1979 end-unit townhome pairs a private courtyard with recent roof and kitchen-appliance updates.
Property Size1,644 SF
Price / SF$127.74
Days on Market71
Property Features for 2200 Andover Ct #605
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
pool
private courtyard
Building Details
Building Size
Year Built
Listing Agency:
Charlotte John Company (Little Rock)
Listed By:
Matty Ross
(501) 690-9015
Source:
Carmensellshomesinarkansas
Added: Sep 5
Changed: Nov 6
Last Checked: Nov 13 at 7:54AM
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 Charlotte John Company (Little Rock)
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Investment Insights
Based on property information with market context.
This 1,644-square-foot end-unit townhome was built in 1979. Its layout allows for a primary bedroom on the main level, and a private courtyard provides outdoor space. A new roof and new oven, dishwasher, and microwave are among the recent updates; the refrigerator, washer, and dryer are included in the sale.
The courtyard backs onto Reservoir park, and the property sits across from the community clubhouse and pool.
The courtyard backs onto Reservoir park, and the property sits across from the community clubhouse and pool.
Key Highlights
- 1,644‑square‑foot end‑unit townhome
- Primary bedroom may be situated on the main level
- Private courtyard backs onto Reservoir park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,287
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,740
$265.7K
Cap Rate 7%
$189,814
$189.8K
Cap Rate 9%
$147,633
$147.6K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$25.6K $15.60/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$24.2K $14.70/SF
− OpEx
−$10.9K −$6.61/SF
NOI
$13.3K $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%
$265,740
Cap Rate 7%
$189,814
Cap Rate 9%
$147,633
Alternative Uses
Best Use
Apartment 5plus
$189.8K
$166.1K – $221.5K
NOI $13,287 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.7K
$261.3K – $348.4K
NOI $20,906 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
518
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
$260,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Little Rock, AR
Properties on Market for Residential income properties in Little Rock
Frequently Asked Questions
What type of property is this?
Residential income property - A 1979 end-unit townhome pairs a private courtyard with recent roof and kitchen-appliance updates.
Where is this residential income property located?
The property is located at 2200 Andover Ct #605 Little Rock, AR.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,644‑square‑foot end‑unit townhome; Primary bedroom may be situated on the main level; Private courtyard backs onto Reservoir park
