Magnolia Heights | 1000 N Red St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Magnolia Heights 1000 N Red St
20 Unit Apartment Building For Sale Sheridan, AR 72150
Investment Highlights
- Property Consists of all Two Bedroom Two Bathroom Units
- Value-Add Property with Potential to Increase Rents
- Located 35 Miles South of Little Rock, Arkansas
- Large Unit Layouts with ±1,040 Square Feet per Unit
Executive Summary
Marcus & Millichap is pleased to present Magnolia Heights, a 20-unit multifamily property located in Sheridan, Arkansas. Sheridan is located just 35 miles south of Little Rock, Arkansas which is home to the most populated city in Arkansas. This property consists of twenty rentable units which are all two-bedroom, two-bathroom units and has one-to-one parking. This property has roughly ±20,800 rentable square feet with each unit being ±1,040 square feet. Tenants are responsible for their own electricity while the owner pays for water and trash. This property has seen historically high occupancy and is in a stable market. With this value-add property, a new owner can raise rents through implementing a unit upgrade plan and utility bill back program to increase net operating income.
Property Facts
| Sale Type | Investment | Lot Size | 0.96 AC |
| No. Units | 20 | Building Size | 20,800 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1990 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 20,800 SF |
| No. Stories | 2 |
| Year Built | 1990 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 20 | - | 1,040 |
1 of 1
PROPERTY TAXES
| Parcel Number | 700-00443-000C | Improvements Assessment | $180,520 |
| Land Assessment | $8,800 | Total Assessment | $189,320 |
PROPERTY TAXES
Parcel Number
700-00443-000C
Land Assessment
$8,800
Improvements Assessment
$180,520
Total Assessment
$189,320
-
Mark McCoy -
Elliott Barzilli -
Marcus & Millichap
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Magnolia Heights | 1000 N Red St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.