Pocahontas Multifamily Investment
2505 Ridgeland Cir, Pocahontas, AR 72455
48-unit multifamily community built in 2017 with income upside.
Type:Multifamily
- Added:
- Jul 31, 2025
- Days on Market:
- 295
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 2505 Ridgeland Cir
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 2017
Listing agent Zac Smithson License #sa00071597
Listing office SVN | OAK Realty Advisors
Listing date Jul 31, 2025
Source Crexi
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 SVN | OAK Realty Advisors
HighLights
- Strong income and net operating income ($454,787 and $250,587 respectively) with a pro forma cap rate of 7.39%.
- Built in 2017, offering relatively new construction and modern amenities.
- Mix of spacious two and three‑bedroom units with washer/dryer, private patios, and yard access.
- Opportunity for rental growth with modest capital improvements ($2,000 per unit).
- Professional on‑site management and provided lawn care, indicating ease of ownership.
- Demonstrated operational resilience and historical income consistency in a stable local employment base.
Overview
The Ridgeland Townhomes, located at 2500 Ridgeland Circle in Pocahontas, Arkansas, is a 48-unit multifamily community constructed in 2017. The property features thirty-six two-bedroom, one-bath units averaging 1,486 square feet and twelve three-bedroom, three-bath units at 1,776 square feet. Each unit includes a washer/dryer, private patios, and yard access. The property benefits from strong tenant appeal, consistent historical income, and professional on-site management, with lawn care provided. The asset reports a trailing twelve-month effective gross income of $454,787 and a net operating income of $250,587, with a current expense ratio at 45% of EGI. In-place market rents average $895 per month for two-bedroom units and $1,295 for three-bedroom units. Modest capital improvements of $2,000 per unit are projected to achieve incremental premiums and post-renovation rents of up to $900 and $1,310 per month, respectively. The property is positioned within a stable local employment base and is accessible to regional services, demonstrating operational resilience in the market.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Pocahontas
- County
- Randolph
- State
- Arkansas
- Longitude
- -91.0542
- Latitude
- 36.3332
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FAQs
What type of property is this?
Apartment building - 48-unit multifamily community built in 2017 with income upside.
Where is this apartment building located?
The property is located at 2505 Ridgeland Cir Pocahontas, AR.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Strong income and net operating income ($454,787 and $250,587 respectively) with a pro forma cap rate of 7.39%.; Built in 2017, offering relatively new construction and modern amenities.; Mix of spacious two and three‑bedroom units with washer/dryer, private patios, and yard access.
