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    2505 Ridgeland Cir Pocahontas, AR 72455

    Sponsored
    For Sale
    $4,900,000

    48-Unit Apartment Building, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Ridgeland Townhomes presents a compelling investment opportunity in Pocahontas, Arkansas. This 48-unit apartment building, constructed in 2017, boasts a substantial 74,808 square feet of net rentable space. Situated on a generous 37.4-acre lot, the property offers significant potential for future development. Its strategic location in the heart of Pocahontas, near the Peco Foods Plant, ensures high occupancy rates and strong rental income. The property's central location provides residents with easy access to local amenities and services. The building itself offers a comfortable and convenient living experience for tenants. The asking price for this exceptional multifamily property is $4,900,000. This represents a rare chance to acquire a well-established, high-performing asset with considerable upside potential in a growing market. The substantial lot size provides ample room for expansion or the addition of complementary amenities, further enhancing the property's value and appeal. This is an ideal investment for those seeking a stable, high-yield return in a desirable location. The property's strong performance history and promising future prospects make it a truly exceptional investment opportunity. Detailed financial information is available upon request.

    Property Features for 2505 Ridgeland Cir

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,629,144 SF

    Building Details

    Year Built
    2017
    Units
    48

    HighLights

    • $4,900,000 asking price.
    • 48‑unit apartment building.
    • 74,808 square feet of net rentable area.
    • Built in 2017.
    • Situated on a 37.4‑acre lot.
    • Located in Pocahontas, AR, near the Peco Foods Plant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pocahontas
    County
    Randolph
    State
    Arkansas
    Longitude
    -90.9942604
    Latitude
    36.2595452

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    FAQs

    What type of property is this?
    Multifamily property - 48-Unit Apartment Building, Prime Location
    Where is this multifamily property 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: $4,900,000 asking price.; 48-unit apartment building.; 74,808 square feet of net rentable area.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2505 Ridgeland Cir Pocahontas, AR 72455
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