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Little Rock, AR 72227,2000 Reservoir Rd
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Little Rock, AR 72227,2000 Reservoir Rd
Little Rock, AR 72227,2000 Reservoir Rd
Little Rock, AR 72227,2000 Reservoir Rd
Little Rock, AR 72227,2000 Reservoir Rd
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Image Realty NEA

Image Realty NEA

+1(870) 236-2121
$ 19,000,000
Est. payment /mo
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2000 Reservoir Rd Little Rock, AR 72227

113,640 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartments

Listing Status Active

Purchase Type For Sale

Square Footage 113,640 sqft

Price per Sqft $167

Subdivision Not In List

MLS Listing ID 24044159

Style Traditional

Year Built 1974

Annual Tax Amount $121,072

Lot Size 9.130 Acres

Acres 9.13

Property Sub-Type Apartments

Property Description

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.

Location

State AR

County Pulaski

Area Lit - West Little Rock (Central)

Zoning MF

Rooms

Kitchen Free-Standing Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays

Interior

Heating Central Cool -Unspecified, Central Heat -Unspecified

Flooring Laminate, Partial Carpet, Tile

Equipment Free-Standing Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays

Exterior

Parking Features Four Car or More

Utilities Available Sewer-Public, Water-Public

Roof Type Architectural Shingle

Building

Lot Description Extra Landscaping, Will Subdivide

Foundation Slab

New Construction No

Listed by Moses Tucker Partners • Zach Saxion
agent

Image Realty NEA

+1(870) 236-2121

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