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Cumberland Square Apartments 401 N Cumberland Ave 50 Unit Apartment Building $5,525,536 CAD ($110,511 CAD/Unit) 7.36% Cap Rate Russellville, AR 72801
Investment Highlights
- High-demand location — Walking distance to Arkansas Tech University, a major and stable tenant driver.
- 50-unit scale — Rare size in the Russellville market, allowing operational efficiencies with on-site or nearby property management.
- Proven rental comps — Existing rent levels leave room for repositioning and incremental rent growth.
- Strong occupancy potential — University, local medical employers, and retail corridors support consistent rental demand.
- Efficient unit mix — 1- and 2-bedroom layouts appeal to students, young professionals, and small families.
- Tenant retention drivers — Proximity to grocery, restaurants, services, and major roadways increases long-term livability.
Executive Summary
This 50-unit garden-style apartment community presents a rare opportunity to acquire ten two-story buildings on over 3 acres in a fast growing city. Located near shops (Walmart), schools (Arkansas Tech University, Russellville high school, middle school), and minutes from parks and lake Dardanelle with its many trails, this area provides the ideal location to attract long term tenants. Easy to run building with maintenance personnel on site and an excellent manager that takes
great care of the building and oversees day-to-day operations. Well cared for property with extensive recent upgrades including:
All units have also been upgraded with:
- New central air and heating and new water heater installed in most units for energy efficiency
and minimize maintenance costs.
- brand new granite countertops with new faucets and sinks,
- brand new stoves and brand new refrigerators,
- Updated flooring, painting, new LED lighting,
- all new ceiling fans and electrical outlets.
- All exterior staircases have been redone and wood beams replaced with brand new carbon
steel.
-Extra income from onsite laundry facility.
This cash-flowing property is ideal for both local and remote investors looking for an easy to
manage investment.
great care of the building and oversees day-to-day operations. Well cared for property with extensive recent upgrades including:
All units have also been upgraded with:
- New central air and heating and new water heater installed in most units for energy efficiency
and minimize maintenance costs.
- brand new granite countertops with new faucets and sinks,
- brand new stoves and brand new refrigerators,
- Updated flooring, painting, new LED lighting,
- all new ceiling fans and electrical outlets.
- All exterior staircases have been redone and wood beams replaced with brand new carbon
steel.
-Extra income from onsite laundry facility.
This cash-flowing property is ideal for both local and remote investors looking for an easy to
manage investment.
Financial Summary (Actual - 2024) 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 (Actual - 2024) 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 | $5,525,536 CAD | Building Class | B |
| Price Per Unit | $110,511 CAD | Lot Size | 2.96 AC |
| Sale Type | Investment | Building Size | 37,020 SF |
| Cap Rate | 7.36% | Average Occupancy | 76% |
| No. Units | 50 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.35/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R2 - R-2 (multifamily residential) zoning district is to provide for medium- to high-density housing in multiple-family structures | ||
| Price | $5,525,536 CAD |
| Price Per Unit | $110,511 CAD |
| Sale Type | Investment |
| Cap Rate | 7.36% |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.96 AC |
| Building Size | 37,020 SF |
| Average Occupancy | 76% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2024 |
| Parking Ratio | 2.35/1,000 SF |
| Zoning | R2 - R-2 (multifamily residential) zoning district is to provide for medium- to high-density housing in multiple-family structures |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Linen Closet
- Pantry
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Basketball Court
- Grill
- Walking/Biking Trails
- Maintenance on site
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 631 |
| 2+1 | 33 | - | 785 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 812-00075-000C | Total Assessment | $370,210 CAD (2025) |
| Land Assessment | $53,404 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $316,806 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
812-00075-000C
Land Assessment
$53,404 CAD (2025)
Improvements Assessment
$316,806 CAD (2025)
Total Assessment
$370,210 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Cumberland Square Apartments | 401 N Cumberland Ave
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