2213 E 7th Ave, Pine Bluff, AR 71601 For Sale

SUBSTANTIAL VALUE-ADD POTENTIAL AND INVESTMENT RETURNS

Property presents new ownership the ability to mark rents to market with in-place comp set rents $100 over current effective rents. With a majority of units in mostly classic condition, the property presents significant upside by implementing a systematic interior renovation program to bring rates up to premium market standards. Given the location, demand, and property features, Myranda’s Place Apartments offer the potential for strong cash flow and attractive returns on investment, making it an appealing opportunity for both seasoned investors and newcomers to the market.

WELL MAINTAINED ASSET

Current ownership has focused on updating exterior and common area features on the property. This allows the next owner to focus primarily on further interior upgrades with most units in near classic condition.

80 UNITS OF HIGH-DEMAND WORKFORCE HOUSING IN GROWING PINE BLUFF, AR

With limited supply being delivered in the next two years and continuously strong demand, moderate income apartments deliver some of the strongest fundamentals in real estate. Pine Bluff is experiencing revitalization efforts and economic development, creating opportunities for appreciation in property values. Investing in Myranda’s Place Apartments allows you to be part of this growth story, making it a strategic long-term investment.

LOCATION

Myranda’s Place Apartments are strategically situated just minutes from downtown Pine Bluff, providing residents with easy access to a vibrant array of dining, shopping, and entertainment options. The nearby Saracen Casino, which has been a significant economic driver in the region, attracts visitors and generates a consistent demand for rental housing. Additionally, the presence of UAPB ensures a steady influx of students and faculty seeking convenient living arrangements.