401 N Cumberland Ave - Apartments FOR SALE


Russellville, AR 72801
$4,500,000 USD
501-420-4097
401 N Cumberland Ave, Russellville, AR for Sale
$4,500,000 USD
Apartments - FOR SALE
1/35
null | 6.58% Cap Rate

401 N Cumberland Ave
Russellville, AR 72801


HIGHLIGHTS

  • Ample Parking
  • Manager On-Site
  • Playgrounds
  • Basketball Court
  • Picnic Gazebos
  • Green Spaces

OVERVIEW

This 10-building, 50-unit apartment complex offers an exceptional investment opportunity in a high-demand rental market and serves as a perfect candidate for a 1031 exchange. Located in Russellville, Arkansas, the property has easy access to transportation, shopping, and recreation, this property ensures a steady income stream along with substantial potential for appreciation. On-site Management and amenities that include ample parking, dedicated laundry facilities, and meticulously maintained landscaping, contributing to tenant satisfaction and long-term retention. 10 Buildings with a total of 50 Units. High occupancy rate with strong demand in the surrounding area. Ample on-site amenities, including parking and laundry facilities. Strategic location close to public transit, shopping centers, and green spaces. Significant upside potential through minimal capital improvements and appreciating rental growth. Ideal for 1031 Exchange – perfect for investors seeking tax-deferral benefits with a turnkey asset. This property represents a unique opportunity for investors looking to diversify and enhance their portfolios with a robust cash-flow asset in a favorable 1031 exchange. Contact us today to schedule a viewing or receive additional information on this exclusive investment opportunity. Disclaimer: Information provided is for general purposes only. All details, including square footage, unit sizes, and renovation plans, are close approximations, with no guarantees regarding accuracy. The agent/broker makes no representations or warranties, expressed or implied, regarding the property.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

50

PRICE/UNIT

$90,000

CAP RATE

6.58%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cumberland Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

87

LAND DETAILS

LAND ACRES

3.28 AC

LAND SF

142,874 SF

ZONING

R2

APN/PARCEL ID

812-00075-000C

ASK ABOUT THIS PROPERTY

Sergio ConversCapital Real Estate AdvisorsMore Info
501-420-4097

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Sergio ConversCapital Real Estate AdvisorsMore Info
501-420-4097

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