201 2Nd St Austin, AR 72007
Sponsored
31-Unit Class A Multifamily Investment
Description
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 201 2Nd St
General Information
- Property type
- Multifamily properties
- Class
- A
- Lot Size
- 79,715 SF
Building Details
- Year Built
- 2022
- Buildings
- 9
- Stories
- 1
- Units
- 31
HighLights
- Class A, 31‑unit apartment complex built in 2022.
- 18,600 square feet of net rentable space on a 1.83‑acre lot at 201 N 2nd St, Austin, AR 72007.
- Currently 80% occupied, projected full occupancy by June 7, 2024, with a pro‑forma NOI of $216,204 and a 6.55% cap rate.
- Asking price: $3,300,000 ($106,451.61 per unit).
- Excellent location near shopping, retail, Highway 67, and the Cabot School District; close to Cabot's dining and entertainment.
- Submarket rent growth exceeding 10% in the past year.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Lonoke
- State
- Arkansas
- Longitude
- -91.98009
- Latitude
- 34.99763
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 31-Unit Class A Multifamily Investment
Where is this multifamily property located?
The property is located at 201 2Nd St Austin, AR.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Class A, 31-unit apartment complex built in 2022.; 18,600 square feet of net rentable space on a 1.83-acre lot at 201 N 2nd St, Austin, AR 72007.; Currently 80% occupied, projected full occupancy by June 7, 2024, with a pro-forma NOI of $216,204 and a 6.55% cap rate.
