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Mockingbird Point 4015 W 7th St 20 Unit Apartment Building For Sale 8% Cap Rate Little Rock, AR 72205
Investment Highlights
- Well maintained asset with long term ownership.
- 20 units of high-demand workforce housing catering to nurses & medical students.
- Premier location in Midtown Little Rock.
Executive Summary
CBRE is pleased to offer for exclusive sale Mockingbird Point, a fully furnished 20-unit
multifamily property in Little Rock, Arkansas.
Investment Highlights:
WELL MAINTAINED ASSET WITH LONG TERM OWNERSHIP
Current ownership has injected $500K in capital improvements over the last few years, fully renovating all 20 units to attract quality residents and uphold the properties outstanding reputation. Renovations include new laminate wood flooring, full size kitchen with stainless steel appliances, quartz countertops in both the kitchen and bathrooms, and a completely fully furnished apartment.
PREMIER LOCATION IN MIDTOWN LITTLE ROCK
Mockingbird Point is conveniently located just minutes from Downtown with easy access to the greater Little Rock MSA via the I-630. Top retail corridors including Park Avenue Shopping Center, Park Plaza Mall, and MidTowne Shopping Center, and highly sought after neighborhoods including Hillcrest, The Heights, and Capitol Hill, are just a short drive.
Mockingbird Point is a short walk from the University of Arkansas at Little Rock and directly east of the Little Rock Zoo & War Memorial Stadium.
20 UNITS OF HIGH DEMAND WORKFORCE HOUSING CATERING TO NURSES & MEDICAL STUDENTS
Mockingbird Point is in the heart of Little Rock’s medical and healthcare hub with over 35,000 jobs in the immediate area. With limited supply being delivered in the next two years and continuously strong demand, moderate income apartments deliver some of the strongest fundamentals in real estate. The Little Rock multifamily market continues to showcase resiliency on a national scale with year-over-year rent growth of 3.2% with ALN.
multifamily property in Little Rock, Arkansas.
Investment Highlights:
WELL MAINTAINED ASSET WITH LONG TERM OWNERSHIP
Current ownership has injected $500K in capital improvements over the last few years, fully renovating all 20 units to attract quality residents and uphold the properties outstanding reputation. Renovations include new laminate wood flooring, full size kitchen with stainless steel appliances, quartz countertops in both the kitchen and bathrooms, and a completely fully furnished apartment.
PREMIER LOCATION IN MIDTOWN LITTLE ROCK
Mockingbird Point is conveniently located just minutes from Downtown with easy access to the greater Little Rock MSA via the I-630. Top retail corridors including Park Avenue Shopping Center, Park Plaza Mall, and MidTowne Shopping Center, and highly sought after neighborhoods including Hillcrest, The Heights, and Capitol Hill, are just a short drive.
Mockingbird Point is a short walk from the University of Arkansas at Little Rock and directly east of the Little Rock Zoo & War Memorial Stadium.
20 UNITS OF HIGH DEMAND WORKFORCE HOUSING CATERING TO NURSES & MEDICAL STUDENTS
Mockingbird Point is in the heart of Little Rock’s medical and healthcare hub with over 35,000 jobs in the immediate area. With limited supply being delivered in the next two years and continuously strong demand, moderate income apartments deliver some of the strongest fundamentals in real estate. The Little Rock multifamily market continues to showcase resiliency on a national scale with year-over-year rent growth of 3.2% with ALN.
Property Facts
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 8% | Building Size | 13,800 SF |
| No. Units | 20 | Average Occupancy | 65% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Low-Rise | Parking Ratio | 2.32/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 13,800 SF |
| Average Occupancy | 65% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.32/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 400 |
| 2+1 | 16 | - | 700 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 34L-072-00-061-01 | Improvements Assessment | $239,340 CAD |
| Land Assessment | $67,064 CAD | Total Assessment | $306,404 CAD |
Property Taxes
Parcel Number
34L-072-00-061-01
Land Assessment
$67,064 CAD
Improvements Assessment
$239,340 CAD
Total Assessment
$306,404 CAD
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Mockingbird Point | 4015 W 7th St
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