405 River Rd - Apartments FOR SALE


Redfield, AR 72132
$2,950,000 USD
813-743-4222
405 River Rd, Redfield, AR for Sale
$2,950,000 USD
Apartments - FOR SALE
1/10
null | 8.57% Cap Rate

405 River Rd
Redfield, AR 72132


HIGHLIGHTS

  • Property Recently Rehabbed - Professional Photos Coming Soon
  • Situated in a prestigious and highly desirable area with strong rental demand.
  • Comprising 16 one-bedroom, one-bath units and 24 two-bedroom, one-bath units to cater to various tenant needs.
  • Professional management in place for seamless operations and tenant relations.
  • Ideal for investors seeking stable cash flow and long-term growth in a thriving market.
  • All units are currently leased, ensuring immediate rental income.

OVERVIEW

This well-maintained multi-family property offers a rare opportunity to acquire a fully occupied building in a highly sought-after location. The property features a total of 40 units, consisting of 16 one-bedroom, one-bath units, and 24 two-bedroom, one-bath units. With an on-site manager. One of the benefits of this complex is that the water meters are all separated by each individual apartment and each tenants pays for their own water usage, instead of the owner paying water for the entire complex. This property ensures smooth operations and efficient tenant management. Located in a prestigious area, the building benefits from strong rental demand, making it an ideal investment for long-term growth and stable cash flow. The fully occupied status reflects the desirability of the location and the quality of the property. Whether you're a seasoned investor or new to the market, this multi-family building presents an excellent opportunity to capitalize on an established and thriving rental market.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

40

PRICE/UNIT

$73,750

CAP RATE

8.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Redfield, Arkansas Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

40

LAND DETAILS

LAND ACRES

6.22 AC

LAND SF

270,943 SF

ZONING

-

APN/PARCEL ID

940-01798-000

ASK ABOUT THIS PROPERTY

Louis FernandezI AM Property Mgmt, LLCMore Info
813-743-4222

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Louis FernandezI AM Property Mgmt, LLCMore Info
813-743-4222

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