Ridgeland Townhomes
New Vintage | 48 Units | Pocahontas, AR
Marketing description
SVN Oak Realty Advisors is pleased to present the exclusive offering of Ridgeland Townhomes, a
48-unit multifamily community located at 2500 Ridgeland Circle in Pocahontas, Arkansas. Built in
2017, Ridgeland Townhomes delivers a well-balanced mix of thirty-six spacious two-bedroom, one bath
units averaging 1,486 square feet and twelve three-bedroom, three-bath units at 1,776 square
feet, each with washer/dryer, private patios, and yard access. The property is distinguished by
strong tenant appeal, demonstrated by historical income consistency and professional on-site
management, along with desirable amenities such as provided lawn care. Positioned within a
stable local employment base and accessible to regional services, Ridgeland Townhomes has
demonstrated operational resilience in the market.
The asset reports a trailing twelve-month effective gross income of $454,787 and corresponding
net operating income of $250,587, with a current expense ratio at 45% of EGI. In-place market
rents—averaging $895 per month for two-bedroom units and $1,295 for three-bedroom units—
are positioned for near-term rental growth, supported by modest capital improvements of $2,000
per unit, projected to achieve incremental premiums and pro forma post-renovation rents of up
to $900 and $1,310 per month, respectively. At the current asking price of $4,900,000 ($102,083
per unit, or $65.50 per square foot), investors are poised to realize a pro forma cap rate of 7.39%
and year-one cash |ow of $156,293 on stabilized operations. Ridgeland Townhomes offers
immediate scale, operational upside, and a compelling basis relative to comparable assets,
making it an exceptional opportunity for multifamily investors seeking yield and value in the
greater northeast Arkansas market.
Investment highlights
NEWER CONSTRUCTION ASSET
Built in 2017, Ridgeland Townhomes offers modern
construction with contemporary layouts and
{nishes. The property requires minimal near-term
capital investment, appealing to core investors
seeking stability.
AMPLE ON-SITE AMENITIES
Community amenities include controlled access,
walking and biking trails, and ample resident
parking. In-unit features such as full kitchens,
washers/dryers, and modern appliances further
enhance tenant appeal.
SPACIOUS FAMILY-FRIENDLY UNITS
Featuring a mix of two- and three-bedroom
townhome-style units averaging over 1,400 square
feet, the community caters to families and long-term
tenants. Larger unit sizes differentiate the property
from typical multifamily supply in the region.
PROFESSIONAL PROPERTY MANAGEMENT
Ridgeland Townhomes is professionally managed by
AR Homes and Rentals, ensuring effecient operations
and strong tenant satisfaction. This established
management platform provides seamless continuity
for new ownership.
ATTRACTIVE BASIS AND UPSIDE POTENTIAL
Offered at approximately $102,000 per unit, the
property is priced below replacement cost for
comparable multifamily product. Modest upgrades
and rental adjustments present the opportunity to
enhance NOI and investor returns. Also there is excess land that is included.
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