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Sherwood Park 1707 Arrowhead Rd 242 Unit Apartment Building For Sale North Little Rock, AR 72118
Investment Highlights
- Extensively Renovated Asset — $3M+ in Capital Improvements Completed
- State Capital Market with Diverse Employment — Limited New Supply and Positive Absorption Supported by Government, Healthcare, Military, and Logistics
- Strategic Central Arkansas Location — Immediate Access to I-40 and I30 with Proximity to Major Employment Centers
- Defined Additional Upside — Opportunity to Increase Annual Gross Revenue by ˜$200,000 at Market Rents
- Workforce Housing Demand Driver — Positioned to Serve North Little Rock’s Renter-by-Necessity Demographic in a Supply-Constrained Market
Executive Summary
Sherwood Park Apartments is a 242-unit multifamily community in North Little Rock, Arkansas that has undergone over $3,000,000 in comprehensive capital improvements, resulting in a stabilized asset with strong in-place cash flow and limited deferred maintenance.
The property offers measured rent growth potential, with current in-place rents below supported market levels, providing approximately $200,000 in incremental annual revenue through continued leasing at market rates. This opportunity allows for steady NOI expansion while maintaining the asset’s positioning as attainable workforce housing.
Located in the North Little Rock submarket — characterized by limited new supply, positive net absorption, and a diverse employment base — the property benefits from durable workforce housing demand. The Little Rock–North Little Rock–Conway MSA, with a population of approximately 760,000, serves as the economic hub of Central Arkansas and is supported by government, healthcare, logistics, and manufacturing employment drivers.
Sherwood Park presents investors with the attractive combination of a stable income-producing asset and measurable near-term upside within a fundamentally sound and economically diverse market.
The property offers measured rent growth potential, with current in-place rents below supported market levels, providing approximately $200,000 in incremental annual revenue through continued leasing at market rates. This opportunity allows for steady NOI expansion while maintaining the asset’s positioning as attainable workforce housing.
Located in the North Little Rock submarket — characterized by limited new supply, positive net absorption, and a diverse employment base — the property benefits from durable workforce housing demand. The Little Rock–North Little Rock–Conway MSA, with a population of approximately 760,000, serves as the economic hub of Central Arkansas and is supported by government, healthcare, logistics, and manufacturing employment drivers.
Sherwood Park presents investors with the attractive combination of a stable income-producing asset and measurable near-term upside within a fundamentally sound and economically diverse market.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 11.13 AC |
| No. Units | 242 | Building Size | 185,696 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1976/2025 |
| Building Class | C | Parking Ratio | 1.97/1,000 SF |
| Zoning | R4 - Multifamily District | ||
| Sale Type | Investment |
| No. Units | 242 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.13 AC |
| Building Size | 185,696 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2025 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | R4 - Multifamily District |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Patio
- Vinyl Flooring
- Window Coverings
Site Amenities
- Clubhouse
- Playground
- Pool
- Property Manager on Site
- Basketball Court
- Package Service
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 118 | $916.25 CAD | 432 - 577 |
| 2+1 | 92 | $1,056 CAD | 688 - 817 |
| 2+1.5 | 32 | $1,244 CAD | 880 |
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Property Taxes
| Parcel Numbers | Total Assessment | $1,484,867 CAD (2025) | |
| Land Assessment | $169,908 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,314,958 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$169,908 CAD (2025)
Improvements Assessment
$1,314,958 CAD (2025)
Total Assessment
$1,484,867 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Sherwood Park | 1707 Arrowhead Rd
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