The Summit Portfolio 2 Multifamily Properties Offered at $22,000,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Assumable Fannie Mae debt at 4.15%; matures in 2032
- Both properties received a full interior & façade renovation in 2019
- Professionally managed with on-site maintenance and management
- Each property features community amenities such as a clubhouse, resident lounge, courtyard, playground, laundry facilities, and surface parking
EXECUTIVE SUMMARY
The Summit at Geyer Springs presents a unique opportunity to acquire a stabilized, value-add multifamily asset in the heart of Little Rock. This beautifully landscaped, family oriented walk-up community offers immediate income generation with long-term growth potential. Investors will benefit from attractive, accretive assumable financing and operational upside through improved third-party management. The asset is positioned for enhanced performance through strategic management and thoughtful capital deployment. It represents a rare multifamily investment opportunity in a market with limited supply.
DATA ROOM Click Here to Access
- HUD HAP Contract
- CapEx
- LURAs
- Loan Schedules
- Rent Rolls
- T-12s and YE Statements
PROPERTY FACTS
| Price | $22,000,000 |
| Price / SF | $58.97 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 373,042 SF |
| Total Land Area | 22.79 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Summit at Geyer Springs
5201 Geyer Springs Rd, Little Rock, AR 72209 |
Multifamily | 174,050 SF | 2008 | - |
|
Summit at Valley Heights
5000 Summertree Dr, North Little Rock, AR 72116 |
Multifamily | 198,992 SF | 1978 | - |
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