Town And Country Ave Little Rock, AR 72204
- Apartment buildings
- 11,580 SF
- 0.66 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 0 Town And Country Ave
- Year built
- 1963
- Lot size
- 0.66 lot acres
- Property size
- 11,580 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents an 18-unit apartment complex in Little Rock, Arkansas, situated on a 0.66-acre lot at 3415 Town & Country Avenue. Built in 1963, this two-story, Class C building boasts 11,580 square feet of living space, currently enjoying 100% occupancy. All 18 units are two-bedroom apartments, offering a consistent rental income stream. The property features a gated entrance, enhancing security and resident peace of mind. With a net operating income (NOI) of $84,176 and an asking price of $995,000, this translates to an attractive cap rate of 8.46% and a price per unit of $55,277.78. The property's prime location across from the University of Arkansas at Little Rock ensures strong rental demand and proximity to urban amenities. This well-established multifamily asset offers a stable investment opportunity in a desirable location. The property's financial performance demonstrates its potential for continued growth and profitability. Detailed financial information is available upon request. This is a turnkey investment ready for immediate income generation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.3433
- Latitude
- 34.7215
