Townhome-Style Apartment
For Sale
Contact for pricing
2500 Ridgeland Cir, Pocahontas, AR 72455
Recently built multifamily property with varied floor plans, in-unit laundry, and highway access to Jonesboro.
Property Size74,808 SF
Price / SF$60.15
Days on Market13
Property Features for 2500 Ridgeland Cir
General Information
Standard status
Active
Size
74,808 SF
Class
B
Property subtype
Multifamily
Occupancy
95%
Investment Type
Value Add
Net Operating Income
$296,240
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
36 x 2BD/2.5BA, 12 x 3BD/3BA
Multifamily Units
48
Amenities
washer and dryer
Building Details
Year Built
2017
Buildings
8
Stories
2
Units
48
Tenancy
Multi
Construction
townhome-style
Listing Agency:
Partners
(713) 316-7059
Listed By:
Blake Baldocchi · License #TX822286
Source:
Crexi
Added: Jul 29
Changed: Aug 9
Last Checked: Aug 9 at 5:37PM
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 Partners
Investment Insights
Based on property information with market context.
This 48-unit apartment property consists of eight buildings constructed in 2017, with a townhome-style layout. The unit mix includes 36 two-bedroom, 2.5-bath residences averaging 1,486 SF and 12 three-bedroom, 3-bath residences averaging 1,776 SF. Each unit includes an owner-provided washer and dryer, while electric service is tenant-paid. Water is individually metered in 17 units, with the balance billed back to residents.
The property is positioned along U.S. Highways 62 and 67 in Pocahontas, providing access to Jonesboro. Current occupancy is 95.83%. Since 2023, 47 of the 48 units have been turned, with work including flooring, interior paint, and appliance replacements. Property-wide updates include a resurfaced parking lot, updated signage, and new landscaping.
The property is positioned along U.S. Highways 62 and 67 in Pocahontas, providing access to Jonesboro. Current occupancy is 95.83%. Since 2023, 47 of the 48 units have been turned, with work including flooring, interior paint, and appliance replacements. Property-wide updates include a resurfaced parking lot, updated signage, and new landscaping.
Key Highlights
- 48 units across 8 buildings, constructed in 2017
- 36 2BD/2.5BA units averaging 1,486 SF
- 12 3BD/3BA units averaging 1,776 SF
Property Analytics
Current Use
Lease Details
48
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 72455, AR
13,328
Population
5,858
Households
2.3
Avg Household Size
40
Median Age
15%
College-Educated
88%
High-School Grad
253.2 sq mi
ZIP Area
53
Density / Sq Mi
$52,640
Median Household Income
$33,155
Median Earnings
$690
Median Rent
$128,800
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 - Recently built multifamily property with varied floor plans, in-unit laundry, and highway access to Jonesboro.
Where is this apartment building located?
The property is located at 2500 Ridgeland Cir Pocahontas, AR.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 48 units across 8 buildings, constructed in 2017; 36 2BD/2.5BA units averaging 1,486 SF; 12 3BD/3BA units averaging 1,776 SF
