2000 Reservoir Rd Active Save Request In-Person Tour Request Virtual Tour
Little Rock,AR 72227
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 113,640 sqft
Price per Sqft $167
Subdivision Not In List
MLS Listing ID 24044159
Style Traditional
Year Built 1974
Annual Tax Amount $121,072
Lot Size 9.130 Acres
Property Sub-Type Apartments
Property Description
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.
Location
State AR
County Pulaski
Area Lit - West Little Rock (Central)
Zoning MF
Rooms
Kitchen Free-Standing Stove,Electric Range,Dishwasher,Disposal,Refrigerator-Stays
Interior
Heating Central Cool -Unspecified,Central Heat -Unspecified
Flooring Partial Carpet,Tile,Laminate
Equipment Free-Standing Stove,Electric Range,Dishwasher,Disposal,Refrigerator-Stays
Exterior
Parking Features Four Car or More
Utilities Available Sewer-Public,Water-Public
Roof Type Architectural Shingle
Building
Lot Description Extra Landscaping,Will Subdivide
Foundation Slab
New Construction No