Active
2000 Reservoir Rd
Little Rock AR, 72227
$19,000,000
Active
Multi-family
Built in 1974
UNDER CONSTRUCTION. ESTIMATED COMPLETION 9-1-25: This 232-unit apartment community in West Little Rock presents a rare opportunity to acquire a turnkey investment in a prime location. Following the 2023 tornado, the property has undergone a $12 million transformation, with every unit completely gutted and rebuilt. All major systems, including HVAC, electrical, plumbing, roofs, windows, and doors, have been replaced, ensuring long-term durability and modern efficiency. Interior upgrades feature high-end finishes, new fixtures, and contemporary flooring, making these apartments both elevated yet affordable for tenants. Beyond the units, the property is being enhanced with new amenities, including a modernized clubhouse, updated pool with outdoor seating, a gym, business center, pickleball courts, and a dog park. The community will be fully stabilized and leased upon completion, projected for August 1st of this year. With a conservative 48% expense ratio, this investment is designed to offer strong, sustainable returns in a high-demand rental market. In one of Little Rock's most promising multifamily markets.
24044159
MLSⓇ ID
December 10, 2024
Listed
February 21, 2025
Updated
Interior Features
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Floor Description
Partial Carpet, Tile, Laminate
Fireplace
No
Cooling
No
Cooling Description
Central Cool -Unspecified, Central Heat -Unspecified
Heating
No
Exterior/Building Features
Lot Size
9.13 Acres
Lot Features
Extra Landscaping, Will Subdivide
Architectural Style
Traditional
Roof
Architectural Shingle
Other Property Details
Area Name
LIT - WEST LITTLE ROCK (CENTRAL)
Days on Market
58
Garage
No
Parking
Four Car or More
View
No
Pool
No
Utilities
Sewer-Public, Water-Public
Zoning
MF
Listing History
Date | Event | Price |
|---|---|---|
1/30/2025 | Price change | $19,000,000 90% |
1/7/2025 | Price change | $10,000,000 42% |
Courtesy of Moses Tucker Partners, Zach Saxion
Listing Contact: 501-428-7998
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of the Cooperative Arkansas REALTORS Multiple Listing Services. Real estate listings, held by brokerage firms other than L&K Lindsey & Krystina REALTORS®, are marked with the Broker ReciprocitySM logo, and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The broker operating this web site believes the data here to be correct but advises interested parties to confirm them before relying on them in a purchase decision. Neither listing broker(s) nor L&K Lindsey & Krystina REALTORS® shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
©2025 Cooperative Arkansas REALTORS Multiple Listing Services. All rights reserved.
Data last updated 2/21/2025, 3:34 AM UTC.
