Listed by SVN | OAK Realty Advisors
$3,300,000
Austin Oaks
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 18,600
Units 31
Cap Rate 5.53%
NOI $182,377
Occupancy 100%
Pro-Forma Cap Rate 6.55%
Pro-Forma NOI $216,204
Class A
Year Built 2022
Buildings 9
Stories 1
Acreage 1.830
Occupancy Date 01/23/2025
New vintage | 31 Units | Austin, AR
Marketing description
Austin Oaks is a brand new, 31-unit development in a fantastic location. The immediate submarket experienced over 10% rent growth over the past year and is poised for steady, continued growth as this pocket of the Little Rock Metro is one of the fastest growing areas in the state.
The subject is located in the heart of Austin, Arkansas near shopping and retail with convenient access to Highway 67. Austin Oaks is within Cabot School district, which is one of the best school districts in Arkansas. Tenants will also enjoy a short drive (roughly three miles) to the dining and entertainment center of the city of Cabot, a highly-desirable suburb of Little Rock.
With down payment of $2.2m there is the ability to do seller financing on the balance.
Listing Contacts
Listed by SVN | OAK Realty Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$182,377.00
$15,198.08/mo
Valuation Metrics
0
DSCR
5.53%
Cap Rate
5.53%
ROI
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