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32622178
32622179

3 Locations

JP
IL 471010441
Horvath & Tremblay
CK
IL 475217182
Horvath & Tremblay
Horvath & Tremblay
Listed by Horvath & Tremblay
$4,000,000
67 days on market
Updated 23 days ago

Colonial & Southland Apartment Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 106,934
Net Rentable (SqFt) 85,547
Units 96
Cap Rate 7.47%
NOI $298,627
Occupancy 100%
Price per SqFt $37
Year Built 1950-1973
Buildings 17
Stories 2
Acreage 0.79 - 3.59
Parking Spaces 151 spaces
Parking Per SqFt 1.41
Ownership Fee Simple

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

Listing Contacts

JP
IL 471010441
Horvath & Tremblay
CK
IL 475217182
Horvath & Tremblay
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$298,627.00
$24,885.58/mo

Valuation Metrics

0
DSCR
7.47%
Cap Rate
7.47%
ROI

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