College Terrace | 3415 Town And Country Ave
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College Terrace 3415 Town And Country Ave
18 Unit Apartment Building $995,000 ($55,278/Unit) 8.46% Cap Rate Little Rock, AR 72204
Investment Highlights
- Fully occupied
- Gated facility
- NOI: $84,176.46
Executive Summary
This 18-unit apartment complex at 3415 Town & Country Avenue in Little Rock offers a solid investment opportunity with its central location across from the University of Arkansas at Little Rock. Built in 1963, the fully occupied property features 11,580 square feet of living space on 0.66 acres, consisting entirely of two-bedroom units. With a net operating income of $84,176.46 and an asking price of $995,000, this gated facility presents an attractive option for investors looking to acquire a stabilized multifamily asset in a well-established area near educational institutions and urban amenities.
Full Offering Memorandum available here:
https://app.smartsheet.com/b/form/fd20251055054750a7cb1a07361b3bc9
Full Offering Memorandum available here:
https://app.smartsheet.com/b/form/fd20251055054750a7cb1a07361b3bc9
Property Facts
Price | $995,000 | Apartment Style | Low Rise |
Price Per Unit | $55,278 | Building Class | C |
Sale Type | Investment | Lot Size | 0.66 AC |
Cap Rate | 8.46% | Building Size | 11,580 SF |
No. Units | 18 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1963 |
Property Subtype | Apartment | Parking Ratio | 4.06/1,000 SF |
Price | $995,000 |
Price Per Unit | $55,278 |
Sale Type | Investment |
Cap Rate | 8.46% |
No. Units | 18 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.66 AC |
Building Size | 11,580 SF |
No. Stories | 2 |
Year Built | 1963 |
Parking Ratio | 4.06/1,000 SF |
Unit Amenities
- Kitchen
- Oven
- Range
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 18 | - | - |
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Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
Parcel Number | 44L-117-00-006-00 | Improvements Assessment | $145,901 |
Land Assessment | $34,499 | Total Assessment | $180,400 |
PROPERTY TAXES
Parcel Number
44L-117-00-006-00
Land Assessment
$34,499
Improvements Assessment
$145,901
Total Assessment
$180,400
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College Terrace | 3415 Town And Country Ave
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