The Villages represents and opportunity to own a stabilized “B” Class property with upside in the desirable Little Rock-North Little Rock-Conway MSA.  It is well located in Conway, Arkansas with little competition in the area. 

       Some highlights include:

  • Over $500,000 in an extensive exterior remodel including new roofs, doors, and siding
  • Newly remodeled clubhouse with a fitness center and business center
  • Strong occupancy (currently 99%) and strong historical performance
  • Diverse unit mix including many 2 bedroom and 3 bedroom units
  • Washer and dryer connections
  • Fireplaces in some units
  • Upside in rent growth – rents have not been raised for over 2.5 years.
  • Attractive assumable financing
  • Great location adjacent to Hendrix College and major retailers

For more information contact:

Mike Marrara

First Commercial Real Estate Services

918-495-1551

mikem@first-commercial.com

 

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