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401 N Cumberland Ave
Russellville, AR 72801

Cumberland Square Apartments · Residential Property For Sale · 50 Units

Investment Highlights

  • Ample Parking
  • Playgrounds
  • Picnic Gazebos
  • Manager On-Site
  • Basketball Court
  • Green Spaces

Executive Summary

This 10-building, 50-unit apartment complex offers an exceptional investment opportunity in a high-demand rental market and serves as a perfect candidate for a 1031 exchange. Located in Russellville, Arkansas, the property has easy access to transportation, shopping, and recreation, this property ensures a steady income stream along with substantial potential for appreciation.
On-site Management and amenities that include ample parking, dedicated laundry facilities, and meticulously maintained landscaping, contributing to tenant satisfaction and long-term retention.
10 Buildings with a total of 50 Units.
High occupancy rate with strong demand in the surrounding area.
Ample on-site amenities, including parking and laundry facilities.
Strategic location close to public transit, shopping centers, and green spaces.
Significant upside potential through minimal capital improvements and appreciating rental growth.
Ideal for 1031 Exchange – perfect for investors seeking tax-deferral benefits with a turnkey asset.
This property represents a unique opportunity for investors looking to diversify and enhance their portfolios with a robust cash-flow asset in a favorable 1031 exchange. Contact us today to schedule a viewing or receive additional information on this exclusive investment opportunity.
Disclaimer: Information provided is for general purposes only. All details, including square footage, unit sizes, and renovation plans, are close approximations, with no guarantees regarding accuracy. The agent/broker makes no representations or warranties, expressed or implied, regarding the property.

PROPERTY FACTS

Price Per Unit £70,497
Sale Type Investment
Net Initial Yield 6.58%
No. Units 50
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class B
Lot Size 3.28 AC
Building Size 37,020 SF
Average Occupancy 96%
Number of Floors 2
Year Built 1978
Parking Ratio 2.35/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower
  • Wheelchair Accessible (Rooms)

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Playground
  • Property Manager on Site
  • Grill
  • Maintenance on site

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 16 £450.40 631
2+1 34 £528.73 785

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
812-00075-000C
Land Assessment
£30,298
Improvements Assessment
£179,736
Total Assessment
£210,034

zoning

Zoning Code R2 (R-2 (multifamily residential) zoning district is to provide for medium- to high-density housing in multiple-family structures)
R2 (R-2 (multifamily residential) zoning district is to provide for medium- to high-density housing in multiple-family structures)
  • Listing ID: 33749413

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 401 N Cumberland Ave, Russellville, AR 72801

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