Vanguard Real Estate Advisors and Bill Pendergist (Arkansas Agent #SA00055180) of Flake and Kelley Commercial are pleased to present the Little Rock Single-Family Home Portfolio consisting of 63 income producing single-family homes built between 2003 and 2007 in the Little Rock, Arkansas MSA. The Portfolio, which is currently stabilized at 96.8 percent occupancy, is listed for sale at $7.5 million, or $75.35 psf, which is well below replacement cost. This represents a year one proforma level cap rate of approximately 7%.
The Homes are conveniently located 20-25 miles from downtown Little Rock in the rapidly growing and highly desirable suburban communities of Cabot, Benton, and Bryant. The homes, which average 1,580 square feet, are well positioned within one of the top growth metros in the country, in close proximity to many of the regions largest employers, national retailers, restaurants, and highly rated public schools.
The Portfolio offers a new investor operating upside potential by repositioning through raising rents and achieving efficiencies in management in addition to reversional upside potential by acquiring the Portfolio on a wholesale basis with the opportunity to sell the units individually at a retail basis over the investment horizon.
To schedule a tour or to request the fulling offering, please contact Justin Tidwell at 682-499-3878 or [email protected].
