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3020-3044 Donnell Ridge Rd 8 Unit Apartment Building $1,495,000 ($186,875/Unit) Conway, AR 72034
INVESTMENT HIGHLIGHTS
- Fully occupied
- Well maintained property
- Convenient location just off Dave Ward Drive
- Active occupancy
- Recently renovated
EXECUTIVE SUMMARY
Constructed in 1995, the four duplex townhomes are located off Dave Ward Drive on Donnell Ridge Road in Conway. Currently fully occupied property offers multiple options for tenancy. The property benefits from significant capital expenditure investment in 2024, including: roof replacement, new system and appliance upgrades, HVAC, and water heaters.
The property location is less than two miles from University of Central Arkansas. There are multiple retail and restaurant options all within a short distance. The property also benefits from close and convenient access to I-40.
The property location is less than two miles from University of Central Arkansas. There are multiple retail and restaurant options all within a short distance. The property also benefits from close and convenient access to I-40.
PROPERTY FACTS
| Price | $1,495,000 | Building Class | C |
| Price Per Unit | $186,875 | Lot Size | 0.71 AC |
| Sale Type | Investment | Building Size | 10,288 SF |
| No. Units | 8 | Average Occupancy | 62% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1995/2024 |
| Apartment Style | Low-Rise | ||
| Zoning | 1C | ||
| Price | $1,495,000 |
| Price Per Unit | $186,875 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 10,288 SF |
| Average Occupancy | 62% |
| No. Stories | 2 |
| Year Built/Renovated | 1995/2024 |
| Zoning | 1C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 8 | - | 1,100 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $158,490 | |
| Land Assessment | $14,400 | Total Assessment | $172,890 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$14,400
Improvements Assessment
$158,490
Total Assessment
$172,890
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3020-3044 Donnell Ridge Rd
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