Active
2000 Reservoir Rd
Little Rock AR, 72227
$19,000,000
Active
Multi-family
Built in 1974
UNDER CONSTRUCTION. ESTIMATED COMPLETION 9-1-25: This 232-unit apartment community in West Little Rock presents a rare opportunity to acquire a turnkey investment in a prime location. Following the 2023 tornado, the property has undergone a $12 million transformation, with every unit completely gutted and rebuilt. All major systems, including HVAC, electrical, plumbing, roofs, windows, and doors, have been replaced, ensuring long-term durability and modern efficiency. Interior upgrades feature high-end finishes, new fixtures, and contemporary flooring, making these apartments both elevated yet affordable for tenants. Beyond the units, the property is being enhanced with new amenities, including a modernized clubhouse, updated pool with outdoor seating, a gym, business center, pickleball courts, and a dog park. The community will be fully stabilized and leased upon completion, projected for August 1st of this year. With a conservative 48% expense ratio, this investment is designed to offer strong, sustainable returns in a high-demand rental market. In one of Little Rock's most promising multifamily markets.
24044159
MLSⓇ ID
December 10, 2024
Listed
February 21, 2025
Updated
Interior Features
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Floor Description
Partial Carpet, Tile, Laminate
Fireplace
No
Cooling
No
Cooling Description
Central Cool -Unspecified, Central Heat -Unspecified
Heating
No
Exterior/Building Features
Lot Size
9.13 Acres
Lot Features
Extra Landscaping, Will Subdivide
Architectural Style
Traditional
Roof
Architectural Shingle
Other Property Details
Area Name
LIT - WEST LITTLE ROCK (CENTRAL)
Days on Market
58
Garage
No
Parking
Four Car or More
View
No
Pool
No
Utilities
Sewer-Public, Water-Public
Zoning
MF
Listing History
Date | Event | Price |
|---|---|---|
1/30/2025 | Price change | $19,000,000 90% |
1/7/2025 | Price change | $10,000,000 42% |
Courtesy of Moses Tucker Partners, Zach Saxion
Listing Contact: 501-428-7998
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Data last updated 2/21/2025, 3:34 AM UTC.
