Current Use by Public Records
- Apartment buildings
Property Details for 2505 Ridgeland Cir
- Year built
- 2017
- Lot size
- 37.40 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pocahontas
- County
- Randolph
- State
- Arkansas
- Longitude
- -90.9943
- Latitude
- 36.2595
