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Pivot Rock Village 15 Pivot Rock Rd

27 Unit Block of Flats £2,051,400 (£75,978/Unit) 8.33% Net Initial Yield Eureka Springs, AR 72632

Investment Highlights

  • 30,872 SF building with 27 units
  • Spread over 8 buildings on over 2 acres
  • Well-maintained and excellent condition
  • Built in 1995, renovated in 2020
  • Property management unit with office included
  • 100% occupancy rate

Executive Summary

Introducing an exceptional investment opportunity at 15 Pivot Rock Road, Eureka Springs. This 30,872 SF, 27-unit apartment complex, spread across 8 buildings and over 2 acres, offers a prime Multifamily / Low-Rise/Garden investment. Built in 1995 and recently renovated in 2020, this property boasts 100% occupancy, showcasing its strong rental history and low vacancy rates. Well-maintained and in excellent condition, including a property management unit with an office, this complex presents a rare chance for investors looking for a promising asset in the Northwest Arkansas region.

Attachments

Pivot Rock

Property Facts

Price £2,051,400
Price Per Unit £75,978
Sale Type Investment
Net Initial Yield 8.33%
No. Units 27
Property Type Residential
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 2.07 AC
Building Size 30,872 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1995/2020
Parking Ratio 1.72/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 9 - 650
2+1 9 - 800
2+1.5 9 - 1,070

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
925-00045-000
Land Assessment
£12,245
Improvements Assessment
£187,553
Total Assessment
£199,798

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 33660914

  • Date on Market: 28/10/2024

  • Last Updated:

  • Address: 15 Pivot Rock Rd, Eureka Springs, AR 72632

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