211 Apple Valley Dr
Sherwood, AR 72120
Apple Valley Townhomes · Multifamily Property For Sale
·
66 Units
Property Facts
| No. Units | 66 | Lot Size | 4.77 AC |
| Property Type | Multifamily | Building Size | 81,144 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1986/2018 |
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.77 AC |
| Building Size | 81,144 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2018 |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Ceiling Fans
- Tub/Shower
- Carpet
Site Amenities
- Storage Space
About 211 APPLE VALLEY DR , SHERWOOD, AR 72120
Apple Valley is a nice 66 unit townhome project located in Sherwood, Arkansas. Constructed in two phases in late 1980's and early 1990's. New 30 year roofs installed in 2016. Updates to many units including new HVAC, kitchen cabinets, flooring and windows. Each unit includes approximately 1,100 square feet with 2 bedrooms and 2.5 bathrooms. Occupancy is consistently 95% to 98% with good tenants. This is a great market rate, Class-B property with value-add opportunity. Recently upgraded a few units to include new cabinets, granite countertops and stainless steel appliances and was able to increase the lease rate on those units by $100-$150 per month. Present assumable HUD-insured note with 4.25% fixed interest rate and final maturity in 2046. Loan balance approximately $3,600,000. Prepayment penalty of 2% to be paid by buyer if buyer chooses to not assume the note.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 66 | $825.00 | 1,100 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $629,377 | |
| Land Assessment | $13,120 | Total Assessment | $642,497 |
Property Taxes
