5001 W 65th St | Little Rock, AR 72209
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5001 W 65th St
Little Rock, AR 72209
Villas on Sixty Fifth · Multifamily Property For Sale · 224 Units
Investment Highlights
- Bring Occupancy to Submarket Rate of 90% (Currently at 21%)
- More than Half of the Units are 2 or 3-Bedrooms
- LURA Maximums Are up to $300 Higher Than Current Market Rates
- Opportunity to Implement RUBS for Electricity and Water on this All-Bills-Paid Property
- Ownership has Spent Over $1MM on Property Renovations Since 2018 - Painted the Exterior, Replaced Roofs, and All Window Units
PROPERTY FACTS
| No. Units | 224 | Building Size | 173,600 SF |
| Property Type | Multifamily | Average Occupancy | 21% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2022 |
| Building Class | C | Parking Ratio | 1.97/1,000 SF |
| Lot Size | 12.59 AC |
| No. Units | 224 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 12.59 AC |
| Building Size | 173,600 SF |
| Average Occupancy | 21% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2022 |
| Parking Ratio | 1.97/1,000 SF |
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Playground
- Gated
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 96 | - | 680 |
| 2+1 | 96 | - | 805 |
| 3+1 | 32 | - | 970 |
PROPERTY TAXES
| Parcel Number | 34L-363-00-032-00 | Improvements Assessment | $1,555,690 |
| Land Assessment | $109,710 | Total Assessment | $1,665,400 |
PROPERTY TAXES
Parcel Number
34L-363-00-032-00
Land Assessment
$109,710
Improvements Assessment
$1,555,690
Total Assessment
$1,665,400
zoning
| Zoning Code | C4 (Multi-Family) |
| C4 (Multi-Family) |
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