OFFERS ARE DUE JULY 30TH @ 6PM CST The Park Ridge of Monticello Apartments offers an attractive mix of 8 one-bedroom units, 24 two-bedroom units, and 32 three-bedroom units with an average unit size of 959 SF. The property has a current occupancy of 100% due to the affordable rents and location. With a proven value-add plan with rents recently taken out of the LIHTC decontrol period, this offers a prime opportunity to continue with unit updates and push rents. Ownership is currently realizing ±$200 increases for new rents. In the city of Monticello, there are currently only 611-units in the entire multi-family market. This opportunity would give the new owner the chance to have more than 10% of the market share. The market also possesses an attractive 2% vacancy rate in the market due to the increasing demand for multifamily housing. The property is located within 4-miles radius from the University of Arkansas at Monticello, Monticello Police Department, and the Drew Memorial Health System, capturing the large tenant base of students, doctors, and young professionals. The seller has recently implemented a series of capital expenditures in the last 12-months to include but not limited to: new roofs, new flooring, and updates to common areas.