Listed by Moses Tucker Partners
Unpriced
Summit Multifamily Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Units 387
Year Built 1969 (Parcel A) & 1974 (Parcel B)
Year Renovated 2007/2019
Buildings 37
Stories 2
Lot Size (SqFt) 7.8 - 16.7
Multifamily | 387 Units
Marketing description
The summit at geyer springs presents a unique opportunity to acquire a stabilized, value-add multifamily asset in the heart of little rock. This beautifully landscaped, family-oriented walk-up community offers immediate income generation with longterm growth potential. Investors will benefit from attractive, accretive assumable financing and operational upside through improved third-party management.
The asset is positioned for enhanced performance through strategic management and thoughtful capital deployment. It represents a rare multifamily investment opportunity in a market with limited supply.
Investment highlights
- Assumable fannie mae debt at 4.15%; matures in 2032
- Both properties received a full interior & façade renovation in 2019
- Professionally managed with on-site maintenance and management
- Each property features community amenities such as a clubhouse, resident lounge, courtyard, playground, laundry facilities, and surface parking
Property name 1) the summit at geyer Springs
- Address 5201 geyer springs rd (parcel A) & 5517 w 51st st (parcel b)
- City/state little rock, ar 72209
- Price $6,900,000
- Total units 155
- Year(s) built 1969 (parcel a) & 1974 (parcel B)
- Years renovated 2007/2019
- Rentable sf ±96,956 sf
- Number of buildings 13
- Number of stories 2
- Lot size ±7.8 acres
Property name:2) the summit at valley heights
- Address-5000 summertree dr
- City/state-north little rock, ar 72116
- Total units-232
- Year(s) built-1978
- Years renovated-2003/2019
- Rentable sf-±199,208 sf
- Number of buildings-24
- Number of stories-2
- Lot size-±16.7 acres
Listing Contacts
Listed by Moses Tucker Partners
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