1000 Red St, Sheridan, AR 72150

This exceptional value-add opportunity presents a 20-unit apartment building in Sheridan, Arkansas, situated just 35 miles south of Little Rock. The property boasts a 95% occupancy rate and comprises twenty two-bedroom, two-bathroom units, each generously sized at approximately 1,040 square feet. The total rentable square footage is approximately 20,800 square feet. Convenient one-to-one parking is provided for all residents. Water and trash services are included, while tenants are responsible for their own electricity. This Class C multifamily property sits on a 0.96-acre lot at 1000 N Red St, Sheridan, AR 72150. The stable market and historically high occupancy present a strong foundation for a new owner to implement a value-add strategy. Potential improvements include unit upgrades and a utility bill back program to significantly increase net operating income. This is an excellent opportunity to capitalize on the strong rental market and enhance the property's profitability.