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29791478
29791504

1810 Bishop Dr, Bryant, AR 72022

SC
AR PB00059330
Capital Real Estate Advisors
Listed by Capital Real Estate Advisors
$3,975,000
107 days on market
Updated 107 days ago

Westside Village

Details
APN 840-14848-001
Property Type Multifamily
Sub Type Apartment Building
Square Footage 30,228
Net Rentable (SqFt) 30,228
Units 40
Cap Rate 7.22%
NOI $287,134
Occupancy 95%
Pro-Forma Cap Rate 11.5%
Pro-Forma NOI $457,054
Price per SqFt $132
Broker Co-Op Yes
Class B
Year Built 1982
Year Renovated 2025
Buildings 5
Stories 2
Acreage 3.810
Zoning R-2
Parking Spaces 55 spaces
Parking Per SqFt 1.82
Investment Type Value Add
Occupancy Date 02/01/2026
Ground Lease No

Multifamily | 40 Units | $99,375/unit

Marketing description

Westside Village Apartments is a well-maintained, 40-unit garden-style community situated on ±3.81 acres at 1810 Bishop Road in Bryant, AR—one of Central Arkansas’ fastest-growing suburbs with immediate access to I-30, Bishop Park, and the Alcoa/Reynolds retail corridor. The property features a balanced unit mix of 16 one-bedroom flats (646 SF) and 24 two-bedroom flats (834 SF), all-electric systems, central HVAC, tenant paid water, on-site laundry, and proximity to Bryant’s highly rated school district, making it a proven choice for stable workforce housing. Current market rents ($735 for 1BR; $805–$855 for 2BR with washer/dryer connections) remain below Bryant’s averages ($942 for 1BR; $1,182 for 2BR), presenting immediate mark-to-market growth potential. In addition, the site includes excess, buildable land that provides a compelling future development opportunity, allowing an investor to expand unit count with additional apartment housing or enhance the community through the creation of a park, common recreational area, or business/amenity space—further driving long-term value and tenant retention. Recent ownership has invested in significant upgrades, including the installation of stone countertops in most kitchens, replacement of the majority of HVAC units and water heaters, new ceiling fans, and updated appliances—positioning the property for both strong in-place cash flow and additional value-add upside.

Investment highlights

Stabilized 40-Unit Community – Strong occupancy history and consistent rental demand.

Prime Location – Situated in Bryant, one of the fastest-growing Little Rock suburbs.

Excellent Accessibility – Just off I-30 with easy access to Little Rock, Benton, and the Alcoa/Reynolds retail corridor.

Proximity to Lifestyle Amenities – Minutes from Bishop Park, shopping centers, restaurants, and major employers.

Efficient Unit Mix – 16 one-bedroom flats (646 SF) and 24 two-bedroom flats (834 SF).

Value-Add Potential – Opportunity to increase rents through interior upgrades and operational efficiencies.

Listing Contacts

SC
AR PB00059330
Capital Real Estate Advisors
Listed by Capital Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$287,134.00
$23,927.83/mo

Valuation Metrics

0
DSCR
7.22%
Cap Rate
7.22%
ROI

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Additional Information

Name
Sergio Convers
License
PB00059330
Brokerage
Capital Real Estate Advisors
Brokerage Phone
501-420-4097
Title
Principal Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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