Sherwood Park Apartments
242 Unit Renovated Multifamily Asset in Little Rock, Arkansas MSA
Marketing description
Sherwood Park Apartments is a 242-unit multifamily community in North Little Rock, Arkansas that has undergone over $3,000,000 in comprehensive capital improvements, resulting in a stabilized asset with strong in-place cash flow and limited deferred maintenance.
Current in-place rents trail supported market levels, presenting annual gross revenue upside through continued lease optimization and unit turns. This opportunity allows for steady NOI expansion while maintaining the asset’s positioning as attainable workforce housing.
Located in the North Little Rock submarket — characterized by limited new supply, positive net absorption, and a diverse employment base — the property benefits from durable workforce housing demand. The Little Rock–North Little Rock–Conway MSA, with a population of approximately 760,000, serves as the economic hub of Central Arkansas and is supported by government, healthcare, logistics, and manufacturing employment drivers.
Sherwood Park presents investors with the attractive combination of a stable income-producing asset and measurable near-term upside within a fundamentally sound and economically diverse market.
Please contact Jeremy Wallace for further inquiries:
815-600-1588
Investment highlights
- Extensively Renovated Asset — $3M+ in Capital Improvements Completed
- Defined Additional Upside — Clearly Defined Path to NOI Growth Without Material Capital Investment
- State Capital Market with Diverse Employment — Limited New Supply and Positive Absorption Supported by Government, Healthcare, Military, and Logistics
- Workforce Housing Demand Driver — Positioned to Serve North Little Rock’s Renter-by-Necessity Demographic in a Supply-Constrained Market
- Strategic Central Arkansas Location — Immediate Access to I-40 and I30 with Proximity to Major Employment Centers
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