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2416 Thompson Ave
West Memphis, AR 72301
Westview Apartments · Multifamily Property For Sale
·
132 Units
PROPERTY FACTS
| No. Units | 132 | Lot Size | 20.10 AC |
| Property Type | Multifamily | Building Size | 119,492 SF |
| Property Subtype | Apartment | Average Occupancy | 42% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1952/2018 |
| Zoning | R-4 | ||
| No. Units | 132 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 20.10 AC |
| Building Size | 119,492 SF |
| Average Occupancy | 42% |
| No. Stories | 1 |
| Year Built/Renovated | 1952/2018 |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
ABOUT 2416 THOMPSON AVE , WEST MEMPHIS, AR 72301
West View Apartments sit right in the heart of West Memphis, Arkansas. The one-story, apartment-home style units are all inclusive of new roofs and fresh paint. West View Apartments is a great value add opportunity for the investor seeking an asset located in an expanding area, as a number of new developments and new companies have began and continue to break ground in West Memphis. Fox news reported 1400 new jobs and almost $285 million in capital investment. Additionally, the state of Arkansas has legalized medical marijuana, and has approved the conversion of the Greyhound Dog track into a full gambling casino- Southland Casino. The casino has already initiated the building of their five star hotel and renovating the Casino building. Carvana will be opening an inspection and distribution center, and Coca-Cola Consolidated is expanding their West Memphis plant to 200 thousand square feet, at a cost of 33 million dollars. Members of the Arkansas Economic Development Commission are truly excited about all the sudden growth. The best time to by is NOW!!!!! Value add opportunity
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 132 | - | 800 |
PROPERTY TAXES
| Parcel Number | 377-000000-000 | Improvements Assessment | $460,851 |
| Land Assessment | $58,796 | Total Assessment | $519,647 |
PROPERTY TAXES
