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Elm Forrest Apartments 818 W 28th Ave 29 Unit Apartment Building $899,900 ($31,031/Unit) 7.42% Cap Rate Pine Bluff, AR 71603
Investment Highlights
- Prime 35,000 SF
- Ideal for multifamily/high-rise development
- 29 units
- Strategic location in Pine Bluff area
Executive Summary
Introducing a prime investment opportunity in Pine Bluff, AR! This impressive property, located at the intersection of 28th and Elm, boasts a spacious 35,000 SF building, comprising 29 units perfectly suited for multifamily or high-rise development. With a prime location in the thriving Pine Bluff area, this property presents a compelling investment prospect for those seeking to capitalize on the growing demand for urban living spaces. Offering ample space and potential for customization, this property is poised to meet the needs of discerning investors looking to make their mark in this dynamic real estate market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $899,900 | Apartment Style | Garden |
| Price Per Unit | $31,031 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.83 AC |
| Cap Rate | 7.42% | Building Size | 35,000 SF |
| No. Units | 29 | Average Occupancy | 38% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | MF | ||
| Price | $899,900 |
| Price Per Unit | $31,031 |
| Sale Type | Investment |
| Cap Rate | 7.42% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 35,000 SF |
| Average Occupancy | 38% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | MF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $585.00 | 650 |
| 2+1 | 18 | $582.50 | 934 |
| 2+2 | 9 | - | 934 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $196,700 | |
| Land Assessment | $5,910 | Total Assessment | $202,610 |
Property Taxes
Parcel Numbers
Land Assessment
$5,910
Improvements Assessment
$196,700
Total Assessment
$202,610
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Elm Forrest Apartments | 818 W 28th Ave
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