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Sherwood Park 1707 Arrowhead Rd 242 Unit Apartment Building $23,417,501 CAD ($96,767 CAD/Unit) 7.26% Cap Rate 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 — Clearly Defined Path to NOI Growth Without Material Capital Investment
- 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.
Current in-place rents trail supported market levels, presenting annual gross revenue upside through continued lease optimization and unit turns. The property delivers immediate cash flow while offering a clearly defined path to NOI growth without material capital investment. 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.
Current in-place rents trail supported market levels, presenting annual gross revenue upside through continued lease optimization and unit turns. The property delivers immediate cash flow while offering a clearly defined path to NOI growth without material capital investment. 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.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Miscellaneous
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
| Price | $23,417,501 CAD | Apartment Style | Garden |
| Price Per Unit | $96,767 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 11.13 AC |
| Cap Rate | 7.26% | Building Size | 185,696 SF |
| Gross Rent Multiplier | 8.49 | No. Stories | 2 |
| No. Units | 242 | Year Built/Renovated | 1976/2026 |
| Property Type | Multifamily | Parking Ratio | 1.97/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4 - Multifamily District | ||
| Price | $23,417,501 CAD |
| Price Per Unit | $96,767 CAD |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| Gross Rent Multiplier | 8.49 |
| 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 |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2026 |
| 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 | $922.93 CAD | 432 - 577 |
| 2+1 | 92 | $1,064 CAD | 688 - 817 |
| 2+1.5 | 32 | $1,233 CAD | 880 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $2,259,404 CAD (2025) | |
| Land Assessment | $265,702 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,993,702 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$265,702 CAD (2025)
Improvements Assessment
$1,993,702 CAD (2025)
Total Assessment
$2,259,404 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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