1700 Main St Walnut Ridge, AR 72476
- Apartment buildings
- 7.00 lot acres
Current Use by Public Records
- Walnut Ridge Apartments - Cox-Wortham / Apartment Building
Property Details for 1700 Main St
- Year built
- 2020
- Lot size
- 7.00 lot acres
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity encompasses a 164-unit apartment portfolio situated in Walnut Ridge, Arkansas. The portfolio consists of 32 one-story buildings, totaling 157,200 net rentable square feet, constructed between 2020 and 2023 on approximately 7-8 acres of land. The property features a mix of unit sizes, with 100 units built between 2020 and 2022, and an additional 64 units completed in 2023. Each unit is equipped with modern amenities including stainless steel appliances and in-unit washer/dryers. The buildings are constructed on slabs, utilize PEX piping and copper wiring, and feature 100-amp electrical panels. Individual electric meters are installed for each unit, while water metering is done at the building level. This property presents a compelling value-add opportunity, strategically located approximately 27.5 miles (a 35-minute drive) from the Craighead Technology Park, a 2,100-acre hub for high-tech industries driving job growth in the region. The property's location in Lawrence County, Arkansas, offers investors access to a growing market with strong potential for rental income and appreciation. The portfolio is conveniently located at various addresses in Walnut Ridge, AR, 72476. This is a rare opportunity to acquire a substantial, recently constructed multifamily asset in a developing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Walnut Ridge
- County
- Lawrence
- State
- Arkansas
- Longitude
- -90.9759
- Latitude
- 36.0751
