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Westside Village Apartments 1810 Bishop Rd 40 Unit Apartment Building $5,548,782 CAD ($138,720 CAD/Unit) 8.60% Cap Rate Bryant, AR 72022
INVESTMENT HIGHLIGHTS
- Stabilized 40-Unit Community – Strong occupancy history and consistent rental demand.
- Excellent Accessibility – Just off I-30 with easy access to Little Rock, Benton, and the Alcoa/Reynolds retail corridor.
- Efficient Unit Mix – 16 one-bedroom flats (646 SF) and 24 two-bedroom flats (834 SF).
- Prime Location – Situated in Bryant, one of the fastest-growing Little Rock suburbs.
- Proximity to Lifestyle Amenities – Minutes from Bishop Park, shopping centers, restaurants, and major employers.
- Value-Add Potential – Opportunity to increase rents through interior upgrades and operational efficiencies.
EXECUTIVE SUMMARY
Westside Village Apartments is a well-maintained, 40-unit garden-style community situated on ±3.81 acres at 1810 Bishop Road in Bryant, AR—one of Central Arkansas’ fastest-growing suburbs with immediate access to I-30, Bishop Park, and the Alcoa/Reynolds retail corridor. The property features a balanced unit mix of 16 one-bedroom flats (±646 SF) and 24 two-bedroom flats (±834 SF), all-electric systems, central HVAC, tenant paid water, on-site laundry, and proximity to Bryant’s highly rated school district, making it a proven choice for stable workforce housing. Current market rents (~$735 for 1BR; ~$805–$855 for 2BR with washer/dryer connections) remain below Bryant’s averages (˜$942 for 1BR; ˜$1,182 for 2BR), presenting immediate mark-to-market growth potential. Recent ownership has invested in significant upgrades, including the installation of stone countertops in most kitchens, replacement of the majority of HVAC units and water heaters, new ceiling fans, and updated appliances—positioning the property for both strong in-place cash flow and additional value-add upside.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $5,548,782 CAD | Apartment Style | Garden |
| Price Per Unit | $138,720 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.81 AC |
| Cap Rate | 8.60% | Building Size | 30,228 SF |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Zoning | R-2 - Residential | ||
| Price | $5,548,782 CAD |
| Price Per Unit | $138,720 CAD |
| Sale Type | Investment |
| Cap Rate | 8.60% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.81 AC |
| Building Size | 30,228 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2025 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | R-2 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Carpet
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $1,181 CAD | 646 |
| 2+1 | 24 | $1,450 CAD | 834 |
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PROPERTY TAXES
| Parcel Number | 840-14848-001 | Total Assessment | $451,623 CAD |
| Land Assessment | $46,558 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $405,066 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
840-14848-001
Land Assessment
$46,558 CAD
Improvements Assessment
$405,066 CAD
Total Assessment
$451,623 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Westside Village Apartments | 1810 Bishop Rd
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