This is a one-owner apartment complex built in 1981 and well maintained though the years. The exterior is low maintenance T-111 5/8 inch plywood and the buildings comply with the Arkansas Energy Saving Construction requirements, which result in lower energy cost for the tenants. The owner built these for himself, and has original plans and drawings available. Occupancy is over 95% over the past several years. Capitalization rate is over 10%, and that's with "below market" rental rates. The property also includes an office and a coin operated laundry which generates income.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
