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The Villas of Lakewood 4700 Randolph Rd 17 Unit Apartment Building $6,250,000 ($367,647/Unit) North Little Rock, AR 72116
Investment Highlights
- Units are two bedroom/two bathroom with two car garage and back patio
- Quick and easy access to Argenta and downtown Little Rock
- Located off McCain Boulevard within proximity to North Little Rock’s main retail corridor
Executive Summary
This commercial property located at 4700 Lancing Road in North Little Rock, Arkansas, is now being listed for sale with Colliers | Arkansas. The Lakewood area of North Little Rock is one of the most established and desirable residential districts, known for its mature trees, scenic lakes, well-kept neighborhoods, and convenient access to shopping, dining, and major highways. The area offers recreational amenities including lakes, parks, walking trails, and the historic Old Mill. Residents enjoy the convenience of Lakewood Village Shopping Center while remaining just minutes from downtown Little Rock, making the area popular with families, professionals, and retirees alike.
Property Facts
| Price | $6,250,000 | Apartment Style | Garden |
| Price Per Unit | $367,647 | Building Class | B |
| Sale Type | Investment | Lot Size | 5.78 AC |
| No. Units | 17 | Building Size | 37,066 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2020 |
| Price | $6,250,000 |
| Price Per Unit | $367,647 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.78 AC |
| Building Size | 37,066 SF |
| No. Stories | 1 |
| Year Built | 2020 |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Heating
- Granite Countertops
- Stainless Steel Appliances
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Fitness Center
- Pool
- Wi-Fi
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 17 | - | 2,130 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 33N-019-07-001-00 | Improvements Assessment | $611,743 |
| Land Assessment | $195,817 | Total Assessment | $807,560 |
Property Taxes
Parcel Number
33N-019-07-001-00
Land Assessment
$195,817
Improvements Assessment
$611,743
Total Assessment
$807,560
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