Colonial & Southland Apartment Portfolio
Multifamily | 96 Units | $41,666/unit
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Colonial & Southland Apartment Portfolio located at 310 W 22nd Street, 123B Commercial Drive and 131 Commercial Drive in Stuttgart, Arkansas (the “Properties” or the “Portfolio”). The Colonial & Southland Apartment Portfolio consists of three Properties with a total of ninety-six (96) residential units. The Portfolio offers a desirable unit mix comprised of eighteen (18), 1-Bedroom/1-Bathroom units, thirty-four (34), 2-Bedroom/1 Bathroom units, thirty-two (32), 2-Bedroom/1.5-Bathroom units, and twelve (12), 3-Bedroom/2-Bathroom units with 85,547 square feet of living area in 106,934 square feet of gross area situated on a combined 5.69-acres of land. The Portfolio offers ample on-site parking at each Property.
The Colonial & Southland Apartment Portfolio is situated on the south side of Stuttgart, an established neighborhood benefiting from ongoing reinvestment and proximity to Stuttgart’s primary commercial area. The Properties enjoy quick access to US Route 79 BUS and US Route 165, the area’s main commercial and commuter corridors, allowing for efficient travel throughout Stuttgart, and surrounding communities. Nearby local retail and community amenities enhance daily convenience and contribute to long-term demand
Investment highlights
- The Colonial & Southland Apartment Portfolio consists of three Properties with a total of ninety-six (96) residential units. The Portfolio offers a desirable unit mix comprised of eighteen (18), 1-Bedroom/1-Bathroom units, thirty-four (34), 2-Bedroom/1-Bathroom units, thirty-two (32), 2-Bedroom/1.5-Bathroom units, and twelve (12), 3-Bedroom/2-Bathroom units with 85,547 square feet of living area in 106,934 square feet of gross area situated on a combined 5.69-acres of land. The Portfolio offers ample on-site parking at each Property.
- Location: The Colonial & Southland Apartment Portfolio is situated on the south side of Stuttgart, an established neighborhood benefiting from ongoing reinvestment and proximity to Stuttgart’s primary commercial area. The Properties enjoy quick access to US Route 79 BUS and US Route 165, the area’s main commercial and commuter corridors, allowing for efficient travel throughout Stuttgart, and surrounding communities. Nearby local retail and community amenities enhance daily convenience and contribute to long-term demand.
- Demographics: More than 7,700 people live within 3 miles of the Portfolio with an average household income of $74,206. Over 9,900 people reside within 10 miles of the Portfolio with an average household income of $74,336
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