1900-2000 Reservoir Rd - Apartments FOR SALE


Little Rock, AR 72227
$19,000,000 USD
501-428-7998
1900-2000 Reservoir Rd, Little Rock, AR for Sale
$19,000,000 USD
Apartments - FOR SALE
1/10
null | 7% Cap Rate

1900-2000 Reservoir Rd
Little Rock, AR 72227


HIGHLIGHTS

  • Exceptional turn-key multifamily investment opportunity in West Little Rock
  • All modern new amenities
  • Affordable apartment types that are in high demand
  • Minutes from downtown and all major hospitals
  • Unbeatable location along Reservoir Rd between Cantrell Rd and N Rodney Parham Rd
  • Dedicated parking lot with over 250 surface spaces

OVERVIEW

UNDER CONSTRUCTION. ESTIMATED COMPLETION 9-1-25: This 232-unit apartment community in West Little Rock presents a rare opportunity to acquire a turnkey investment in a prime location. Following the 2023 tornado, the property has undergone a $12 million transformation, with every unit completely gutted and rebuilt. All major systems, including HVAC, electrical, plumbing, roofs, windows, and doors, have been replaced, ensuring long-term durability and modern efficiency. Interior upgrades feature high-end finishes, new fixtures, and contemporary flooring, making these apartments both elevated yet affordable for tenants. Beyond the units, the property is being enhanced with new amenities, including a modernized clubhouse, updated pool with outdoor seating, a gym, business center, pickleball courts, and a dog park. The community will be fully stabilized and leased upon completion, projected for August 1st of this year. With a conservative 48% expense ratio, this investment is designed to offer strong, sustainable returns in a high-demand rental market. In one of Little Rock’s most promising multifamily markets. Exceptional turnkey multifamily investment opportunity in West Little Rock This sprawling 232-unit property All 111 units on the south side will have new doors and windows installed in early January 2024 All 121 units on the south side will be fully remodeled and modernized by June 2024 Unbeatable location along Reservoir Rd between Cantrell Rd and N Rodney Parham Rd – the combined daily traffic sits at 57,500 vehicles Dedicated parking lot with over 250 surface spaces

FOR SALE DETAILS

PRICE

$19,000,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

232

PRICE/UNIT

$81,897

CAP RATE

7%

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgecrest

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

250

LAND DETAILS

LAND ACRES

9.15 AC

LAND SF

398,530 SF

ZONING

R-4

APN/PARCEL ID

43L-143-00-001-00,43L-144-00-001-00

ASK ABOUT THIS PROPERTY

Zach SaxionMoses Tucker PartnersMore Info
501-428-7998

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Zach SaxionMoses Tucker PartnersMore Info
501-428-7998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.