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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

Property Facts

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 - -
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
44L-117-00-006-00
Land Assessment
$34,499
Improvements Assessment
$145,901
Total Assessment
$180,400
  • Listing ID: 32309186

  • Date on Market: 7/1/2024

  • Last Updated:

  • Address: 3415 Town And Country Ave, Little Rock, AR 72204

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