Apartment Building with RV Hookup
For Sale
$299,000
3089 Little Rock Road, Rose Bud, AR 72137
The property combines leased units with owner-used space and planned capacity for additional RV hookups.
Property Size3,000 SF
Price / SF$99.67
Days on Market108
Property Features for 3089 Little Rock Road
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family Home
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Unit Mix
12 x 1BR
Building Details
Year Built
1997
Buildings
1
Stories
1
Units
8
Listing Agency:
Re/Max Advantage
(501) 268-1115
Listed By:
Michele Watson
Source:
Proeliterealty
Added: Apr 20
Changed: Aug 3
Last Checked: Aug 4 at 1:09PM
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 Re/Max Advantage
Investment Insights
Based on property information with market context.
Built in 1997, this approximately 3,000-square-foot apartment property at 3089 Little Rock Road includes five units currently rented and three additional spaces used by the owner. The layout is designed for 12 one-bedroom units with shared bathrooms, providing a configuration that extends beyond the current operating arrangement.
The property offers highway frontage and includes available room and electrical capacity for additional RV hookups. Its current mix of tenant-occupied and owner-used areas provides a clear picture of the existing setup while retaining the planned apartment layout as a defining physical feature.
The property offers highway frontage and includes available room and electrical capacity for additional RV hookups. Its current mix of tenant-occupied and owner-used areas provides a clear picture of the existing setup while retaining the planned apartment layout as a defining physical feature.
Key Highlights
- Approximately 3,000 sq. ft. apartment building at 3089 Little Rock Road
- 5 units currently rented and 3 spaces used by the owner
- Designed for 12 one‑bedroom units with shared bathrooms
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $10.56 |
| − Vacancy | −$2.2k | −$0.74 |
| EGI | $29.5k | $9.82 |
| − OpEx | −$13.3k | −$4.42 |
| NOI | $16.2k | $5.40 |
3,000 SF · lease $10.56/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$231.5K
$202.6K – $270.1K
NOI $16,204 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.6K
$480.1K – $640.1K
NOI $38,405 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 72137, AR
2,339
Population
909
Households
2.6
Avg Household Size
44
Median Age
18%
College-Educated
86%
High-School Grad
67.5 sq mi
ZIP Area
35
Density / Sq Mi
$50,991
Median Household Income
$35,500
Median Earnings
$822
Median Rent
$166,200
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 - The property combines leased units with owner-used space and planned capacity for additional RV hookups.
Where is this apartment building located?
The property is located at 3089 Little Rock Road Rose Bud, AR.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Approximately 3,000 sq. ft. apartment building at 3089 Little Rock Road; 5 units currently rented and 3 spaces used by the owner; Designed for 12 one‑bedroom units with shared bathrooms
