48-Unit Value-Add Apartment
For Sale
Contact for pricing
Pending
2212 Lacari, Magnolia, AR 71753
Value-add 48-unit apartment community with recent unit upgrades and roof replacement within the last five years.
Property SizeContact for details
Days on Market149
Property Features for 2212 Lacari
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Business Included
Yes
Multifamily Units
48
Building Details
Tenancy
Multi
Listing Agency:
Waller Group Homes
Listed By:
Logan Waller · License #TX 0479147
(214) 818-4109
Source:
Crexi
Added: Apr 11
Changed: Aug 26
Last Checked: Sep 3 at 10:11AM
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 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
Property Profile
Current Use
Lease Details
48
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 71753, AR
16,000
Population
7,421
Households
2.2
Avg Household Size
35
Median Age
21%
College-Educated
87%
High-School Grad
311.1 sq mi
ZIP Area
51
Density / Sq Mi
$45,714
Median Household Income
$26,675
Median Earnings
$625
Median Rent
$166,900
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 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
