48-Unit Value-Add Apartment
2212 Lacari Magnolia, AR 71753
2212 Lacari, Magnolia, AR, 71753
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For Sale
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Pending
Value-add 48-unit apartment community with recent unit upgrades and roof replacement within the last five years.
Days on Market103
Property Features for 2212 Lacari
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 11 Updated: Jul 21 at 1:12AM Checked: Jul 22 at 6:33AM
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Investment Insights
Based on property information with market context.
This offering presents a 48-unit value-add multifamily property in Magnolia, Arkansas. The current renovation program has already been partially completed, including new vinyl flooring and painting in 20 units, and new dishwashers and refrigerators/freezers in 10 units. Four units have received new A/C units, and other A/C replacements have been handled as needed. Roofs were replaced approximately five years ago.
The property is described as being within walking distance to Southern Arkansas University. Current ownership is self-managing the community and is open to negotiations to continue managing after the sale.
Per the provided information, a continued interior renovation program may be completed for remaining units, which could include flooring, painting, appliance replacements, and potential in-unit laundry additions. Current performance is reported at $231,696 in annual NOI, with management fee assumptions included in the underwritten pro forma.
The property is described as being within walking distance to Southern Arkansas University. Current ownership is self-managing the community and is open to negotiations to continue managing after the sale.
Per the provided information, a continued interior renovation program may be completed for remaining units, which could include flooring, painting, appliance replacements, and potential in-unit laundry additions. Current performance is reported at $231,696 in annual NOI, with management fee assumptions included in the underwritten pro forma.
Key Highlights
- 48‑unit value‑add apartment community in Magnolia, Southwest Arkansas
- 75% of tenants are students and professors on 12‑month leases
- Walking distance to Southern Arkansas University
Property Analytics
Location Intelligence
Current Use by Public Records
Rider Ridge Apartments
Apartment Complex
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FAQs
What type of property is this?
Apartment building - Value-add 48-unit apartment community with recent unit upgrades and roof replacement within the last five years.
Where is this apartment building located?
The property is located at 2212 Lacari Magnolia, AR.
What are key features of this property?
This property features: 48‑unit value‑add apartment community in Magnolia, Southwest Arkansas; 75% of tenants are students and professors on 12‑month leases; Walking distance to Southern Arkansas University
