101564 . 9 Home SFR Little Rock, AR Listing Details & Market Data

101564 . 9 Home SFR Little Rock, AR, Little Rock, AR 72209

  • For Sale $950,000
  • Property Type Multi-Family
  • Property Size 18,363 SF
  • Units 9
  • Lot Size 2.39 Acre
  • Year Built 1967
  • Date Updated Apr 7, 2024
Little Rock, Arkansas, the state's capital and most populous city, sits along the banks of the Arkansas River. It's a city rich in history, offering a blend of southern charm and modern development. Little Rock's economy is diverse, with a historical foundation in government and transportation. The city is home to several major corporations, including the global headquarters of Dillard's, one of the nation's largest fashion retailers. Additionally, healthcare plays a significant role, with the presence of the University of Arkansas for Medical Sciences (UAMS) and the Arkansas Children's Hospital. The city is also a transportation hub, thanks to its central location and the presence of the Bill and Hillary Clinton National Airport. Over the years, Little Rock has seen strategic urban development initiatives. The River Market District, situated along the Arkansas River, has undergone revitalization, becoming a vibrant area with restaurants, shops, and a farmer's market. The Creative Corridor, connecting the River Market District to the Arkansas Arts Center, emphasizes walkability and cultural experiences. Furthermore, the development of the Little Rock Technology Park underscores the city's commitment to fostering innovation and technological advancements. Little Rock is a hub for education with several institutions catering to diverse academic needs. The University of Arkansas at Little Rock (UALR) offers a range of undergraduate and graduate programs, contributing to the city's educational landscape. The Little Rock School District, serving the city, focuses on providing quality K-12 education, with both traditional and specialized magnet schools. Little Rock is a destination with a variety of attractions for residents and visitors. The William J. Clinton Presidential Library and Museum, located along the river, showcases the legacy of the 42nd U.S. President. The Historic Arkansas Museum provides a glimpse into the state's past, and the Little Rock Central High School National Historic Site commemorates the Civil Rights Movement. Nature enthusiasts can explore the Big Dam Bridge and the Arkansas River Trail, offering scenic views of the river and the city skyline. Meanwhile, the Little Rock Zoo provides family-friendly entertainment. The city also hosts cultural events and festivals, such as the Riverfest and the Little Rock Film Festival, attracting visitors with diverse interests. Little Rock, with its diverse economic base, strategic city development, and educational opportunities, offers a balanced and appealing environment for residents. Its tourism attractions, blending history, culture, and outdoor activities, contribute to a dynamic cityscape. As Little Rock continues to evolve, it stands as a testament to the fusion of tradition and progress in the heart of Arkansas.

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Highlights

  • Price Reduced!
  • 9 Homes strategically located throughout Little Rock, AR
  • Asset types include single-family detached residences and duplexes
  • All homes underwent renovation upon acquisition
  • Professional property management is already in place
  • The average size of homes is 2,040 square feet
  • Homes were constructed between 1942 and 1980
  • Average monthly rent of $864, currently 20-30% below market rates
  • The portfolio boasts 100% occupancy with fully vetted tenants
  • Average home price stands at $105,556, significantly lower than the market's median of $227,853
  • Year 1 Stabilized net cap rate of 7.36%
  • Year 1 Stabilized annual gross yield of 10.68%
  • Year 1 Stabilized Net Operating Income (NOI) of $69,884
  • All SVN® Offices Are Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realestatelicensing

Contacts

broker

Thomas C. Johnston

SVN | SFRhub Marketplace

(602) 403-3695

Location

Getting Around

  • Walk Score ®

    Car-Dependent (12)
  • Transit Score ®

    Minimal Transit (19)
  • Bike Score ®

    Somewhat Bikeable (30)
Powered by Walk Score ®
  • City Little Rock, AR
  • Zip Code 72209
  • Market Little Rock

Points of Interest

  • Little Rock

    4.45 miles

  • 2nd Street & Center Street

    4.80 miles

  • West Markham Street & Spring Street

    4.84 miles

  • 2nd Street & Scott Street

    4.94 miles

  • West Markham Street & Scott Street

    4.97 miles

  • Scott Street & Markham Street

    5.00 miles

  • 2nd Street & Rock Street

    5.01 miles

  • 3rd Street & River Market Avenue

    5.02 miles

  • River Market Avenue & 3rd Street

    5.02 miles

  • President Clinton Avenue & River Market Avenue

    5.10 miles

  • Valero

    0.91 miles

  • RaceWay

    0.93 miles

  • Exxon

    1.42 miles

  • Valero

    1.47 miles

  • Circle K

    1.49 miles

  • Exxon

    1.52 miles

  • Shell

    1.53 miles

  • Shell

    1.56 miles

  • Superstop

    1.58 miles

  • Kroger Fuel Center

    1.67 miles

  • Univesity Village Parking

    1.37 miles

  • Plaza Lot

    1.48 miles

  • Lot 3

    1.57 miles

  • Lot 3

    1.59 miles

  • Lot 7

    1.61 miles

  • Lot 5

    1.63 miles

  • Lot 4

    1.64 miles

  • Lot 2

    1.68 miles

  • Lot 12

    1.74 miles

  • Lot 1

    1.80 miles

  • McDonald's

    1.28 miles

  • Long John Silver's

    1.33 miles

  • Wendy's

    1.36 miles

  • Waffle House

    1.41 miles

  • El Chico

    1.49 miles

  • Murry's Dinner Playhouse

    1.52 miles

  • Taco Bell

    1.54 miles

  • Gino's Pizzeria & Philly Steaks

    1.57 miles

  • Captain D's

    1.57 miles

  • McDonald's

    1.57 miles

  • Geyer Springs Elementary School

    0.60 miles

  • Central Arkansas Christian Elementary School

    0.70 miles

  • Wakefield Elementary School

    0.84 miles

  • Southern Technical College

    1.14 miles

  • Meadowcliff Elementary School

    1.15 miles

  • Fairview Baptist Preschool

    1.34 miles

  • Metro Business Academy

    1.48 miles

  • Evening High School

    1.54 miles

  • Metropolitan High School

    1.54 miles

  • Accelerated Learning Program School

    1.56 miles

  • Grandma's House & Learning Center

    2.90 miles

  • Children's Garden development center

    5.39 miles

  • Incredible Kidz

    5.72 miles

  • Kiddie Academy of Little Rock

    7.68 miles

Contact Listing Broker

broker

Thomas C. Johnston

SVN | SFRhub Marketplace

(602) 403-3695