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Shorter College Gardens 800 N Beech St 188 Unit Apartment Building $4,500,000 ($23,936/Unit) 10% Cap Rate North Little Rock, AR 72114
Investment Highlights
- Attractive Basis
- Fully Vacant - expedite rehab.
- Located less than a mile from the Argenta Arts District
Executive Summary
Shorter College Gardens is a lender-controlled sale at an attractive basis of $24K+/- per door. The property is fully vacant,
allowing new ownership to realize a faster timeline
to renovating units. Projected capital needs are in the
low $20K range per door to renovate and stabilize.Community Investment: Shorter College Gardens is
located less than 1 mile from the downtown historical
Argenta Arts District of North Little Rock, where there
is limitless shopping, dining, and entertainment.
The District is part of the Main Street America
initiative, which champions quality of living and strong
communities, creating a prime high-growth location
driving strong tenant demand and lasting value.
allowing new ownership to realize a faster timeline
to renovating units. Projected capital needs are in the
low $20K range per door to renovate and stabilize.Community Investment: Shorter College Gardens is
located less than 1 mile from the downtown historical
Argenta Arts District of North Little Rock, where there
is limitless shopping, dining, and entertainment.
The District is part of the Main Street America
initiative, which champions quality of living and strong
communities, creating a prime high-growth location
driving strong tenant demand and lasting value.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 50 | $618.00 | 582 |
| 2+1 | 62 | $726.50 | 783 - 800 |
| 3+1 | 76 | $837.50 | 884 - 900 |
1 1
Property Taxes
| Parcel Number | 33N-288-00-002-00 | Total Assessment | $1,104,000 (2025) |
| Land Assessment | $70,077 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,033,923 (2025) | Tax Year | 2027 Payable 2028 |
Property Taxes
Parcel Number
33N-288-00-002-00
Land Assessment
$70,077 (2025)
Improvements Assessment
$1,033,923 (2025)
Total Assessment
$1,104,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2027 Payable 2028
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Shorter College Gardens | 800 N Beech St
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