- Situated In Highly Attractive North Little Rock Submarket
- Well-Positioned Asset Primed For Value-Add Implementation
- Over $2.5m In Capital Expenditures Completed To Date
- Neighboring Property Generating Top Of Market Rents
- Prime Location | Ultra-Desirable Asset Characteristics
- Offered Free And Clear Of Existing Debt
Situated in Ultra-Desirable North Little Rock Submarket
With reportedly strong ratings for the rental market in terms of affordability, WalletHub has ranked Little Rock as one of the best cities for renters. The picturesque location and smaller town charm coupled with its high level of affordability make it an incredibly rare find with great connectivity and all the amenities of the big city without any of the hassle. Further, Foothills features an ultra-desirable location proximate to top shops, eateries and grocery stores—all within minutes from the property in the surrounding area.
Well-Positioned Asset Primed for Value-Add Implementation
The interior finishes at Foothills are primed and poised for value-add modernization and upgrades. Upon completion of moderate upgrades intended to strategically bring the property up to current high-end standards, new ownership has the remarkable ability to organically push average rents significantly yet remain well below the rental rates at the neighboring property that has recently realized top market rates.
Over $2.5m In Capital Expenditures Completed To Date!
The property has been exceptionally maintained by current ownership, which has created an incredibly strong foundation for a new investor to reposition the property. Since 2014, ownership has invested more than $2,500,000 in capital upgrading and improving the asset quality creating a strong foundation for a new investor to continue the repositioning of the asset.