Log In/Sign Up
Your email has been sent.
Carriage House Apartments 2226 Merrill Dr 90 Unit Apartment Building $6,766,720 CAD ($75,186 CAD/Unit) 11% Cap Rate Forrest City, AR 72335
INVESTMENT HIGHLIGHTS
- 425 Units Across 10 Complexes | Can Buy Any or All
- 225 Units in Forrest City, 201 Units in Blytheville
- Sealed Bid Auction ends December 4th | AuctionSection.com
- Unprecedented Cap Rates
- Opportunity to Own 50%+/- of the Apartments in a Growing Market
EXECUTIVE SUMMARY
Sealed Bid Auction will conclude
Thursday, December 4th at 11am CT
All bids must be submitted by 11am CT
Successful bidders will be notified within 24 hours of auction close
You may bid on any property individually or in total
This is an unprecedented opportunity to earn double digit cap rates in an appreciating sector of the country!
If bid is a minimum of 80% of appraised value,
the owners agree to guarantee 100% occupancy for 12 months.
100% occupancy gap based on rent roll at closing, will be paid at closing.
Massive potential to get some double rents for 12 months!
425 units being sold across 10 complexes - can buy in total or individually
Thursday, December 4th at 11am CT
All bids must be submitted by 11am CT
Successful bidders will be notified within 24 hours of auction close
You may bid on any property individually or in total
This is an unprecedented opportunity to earn double digit cap rates in an appreciating sector of the country!
If bid is a minimum of 80% of appraised value,
the owners agree to guarantee 100% occupancy for 12 months.
100% occupancy gap based on rent roll at closing, will be paid at closing.
Massive potential to get some double rents for 12 months!
425 units being sold across 10 complexes - can buy in total or individually
PROPERTY FACTS
| Price | $6,766,720 CAD | Apartment Style | Garden |
| Price Per Unit | $75,186 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 11.00 AC |
| Cap Rate | 11% | Building Size | 342,000 SF |
| Sale Condition | Business Value Included | Average Occupancy | 90% |
| No. Units | 90 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3 | ||
| Price | $6,766,720 CAD |
| Price Per Unit | $75,186 CAD |
| Sale Type | Investment |
| Cap Rate | 11% |
| Sale Condition | Business Value Included |
| No. Units | 90 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.00 AC |
| Building Size | 342,000 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2025 |
| Opportunity Zone |
Yes |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
- Playground
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 576 |
| 1+1 | 14 | - | 612 |
| 2+1 | 62 | - | 768 - 1,064 |
| 3+1.5 | 12 | - | 900 - 968 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $502,649 CAD | |
| Land Assessment | $32,090 CAD | Total Assessment | $534,738 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$32,090 CAD
Improvements Assessment
$502,649 CAD
Total Assessment
$534,738 CAD
1 of 21
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Carriage House Apartments | 2226 Merrill Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.