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Camily Ct

Vilonia, AR 72173

$1,200,000

Apartments For Sale  •  20,268 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 20,268 Sq Ft
  • Lot Size 4 ac
  • Building Class B
  • Year Built 2008
  • Cap Rate 8.00 %
  • Zoning No Zoning
0 Transit Score
4 Walk Score

Description

Great multi-family investment opportunity! 18 units. 1 finished lot and approx. 2 acres of undeveloped land. 
9 buildings, brick. private garages. 1 and 2 story buildings. Typical units are 3BR/2.5 Bath and approx. 1,250 sq. ft plus enclosed garage. 
Financials available.

Highlights

Excellent investment opportunity with current total of 18 units generating 8% Cap Rate
Expansion opportunity in 2 acres of undeveloped land and 1 finished lot to build more multi-family residences for increased revenue
Beautiful brick 2008-2009 construction with private garages, consisting of 3 bedroom/2.5 baths units
Located in Vilonia , a rapidly growing community with average annual growth for the past several years at nearly 5%
Net Operating Income well established with growth in past 3 years (2016 - $84,364, 2018 - $92,862)
179 developed businesses within 5 miles and under a 45 minute drive into the heart of Little Rock

Property Flyers

Financial Summary (Actual)

Net Operating Income: $95,039 (2018)
Cap Rate: 8.00 %
Total Expenses: $46,884

Public Transportation

AirportDriveWalkDistance
Clinton National Airport 57 min - 41.9 mi
John Burnett 501-580-0348 Burnett Real Estate Investments
John Burnett 501-580-0348 Burnett Real Estate Investments