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Carriage House Apartments 2226 Merrill Dr 90 Unit Apartment Building $4,850,000 ($53,889/Unit) Forrest City, AR 72335
Investment Highlights
- 425 Units Across 10 Complexes | Can Buy Any or All
- Opportunity to Own 50%+/- of the Apartments in a Growing Market
- 225 Units in Forrest City, 201 Units in Blytheville
- www.AuctionSection.com
Executive Summary
425 units being sold across 10 complexes - can buy in total or individually
Property Facts
| Price | $4,850,000 | Building Class | C |
| Price Per Unit | $53,889 | Lot Size | 11.00 AC |
| Sale Type | Investment | Building Size | 342,000 SF |
| Sale Condition | Business Value Included | Average Occupancy | 90% |
| No. Units | 90 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | R3 | ||
| Price | $4,850,000 |
| Price Per Unit | $53,889 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| No. Units | 90 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.00 AC |
| Building Size | 342,000 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2025 |
| Opportunity Zone |
Yes |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 576 |
| 1+1 | 14 | - | 612 |
| 2+1 | 62 | - | 768 - 1,064 |
| 3+1.5 | 12 | - | 900 - 968 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $360,270 | |
| Land Assessment | $23,000 | Total Assessment | $383,270 |
Property Taxes
Parcel Numbers
Land Assessment
$23,000
Improvements Assessment
$360,270
Total Assessment
$383,270
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Videos
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Photos
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Street
Map
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Contact the Sale Advisor
Carriage House Apartments | 2226 Merrill Dr