Oakhurst Apartments

Highlights:

• Potential to implement a value-add rehab program and increase rents as the Property has not received comprehensive interior upgrades
• Ability to add community amenities such as a sports court, playground, dog run, covered parking, and more
• Ability to bring two down-units back on-line (currently used as storage) 
• Potential to implement more aggressive marketing and leasing strategies to increase occupancy which is currently 93.4 percent
• Close proximity to the area’s major retailers such as Wal-Mart, Brookshires, Home Depot, Applebee’s, and more
• Less than 1.5 miles north of major employers such as South Arkansas Regional Hospital, which employs approximately 700, and the Murphy USA headquarters, which employs approximately 600
• Situated less than a mile west of US Highway 167, the main thoroughfare of the El Dorado area, allowing for easy travel across the region
• Well-maintained garden-style asset built in 1987
• Units average a spacious 993 square feet
• Consists of 76 well-appointed units
• In-unit amenities include laminate floors, kitchen appliances, walk-in closets, and washer and dryer connections
• The Property is being offered on an All-Cash basis, allowing unrestricted financing options for a new investor

Description:

Vanguard Real Estate Advisors (“VREA”) is pleased to present the exclusive opportunity to purchase the Oakhurst Apartments (“Property” or “Oakhurst”) located in El Dorado which is in south-central Arkansas. This investment opportunity totals 76 units averaging a spacious 993 square feet, all units have full size washer and dryer connections. The Property is ideally located along Oakhurst Boulevard just a block west of the main north-south thoroughfare of the City, N. West Avenue (Business Highway 167). Little Rock is just two hours away to the north and Shreveport is just an hour and forty five minutes to the southwest.

The Property was constructed in 1987 and is in immediate proximity to many of the area’s major retailers and employers. It is a two-story community that is 93.40% occupied. The Property has an attractive asking price of $4,550,000 ($59,868 per unit & $60.30psf).

To gain access to the full Offering Memorandum and Due Diligence Vault click on the link below:

https://docsend.com/view/s/jwhkhss3jcmxm8ew

Call us to schedule a tour, they are offered on the following dates:

Wednesday May 7th, Thursday May 15th, Wednesday May 21st, and Tuesday June 3rd

The Call For Offers date is Thursday June 5th on or before 4:00pm CST.

A 2% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.

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