Sherwood Park Apartments

242-Unit Renovated Multifamily Community | North Little Rock, AR

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242

Units

$17.0M

Asking Price

≈7.3%

Cap Rate

≈93%

Occupancy

$3M+

CapEx Invested

Investment Summary

Sherwood Park Apartments is a 242-unit renovated multifamily community in North Little Rock, Arkansas. Ownership has completed more than $3 million of capital improvements across interiors, major systems, and exterior components, allowing an incoming investor to focus on revenue optimization rather than heavy upfront CapEx. With average in-place rents below supported market rents, the asset offers immediate cash flow alongside measurable near-term upside.

Extensively Renovated Asset

Over $3MM of capital improvements completed across interiors, mechanical systems, and exterior components.

Strong In-Place Cash Flow

Stabilized asset with consistent occupancy and reliable in-place income.

Rent Growth Opportunity

Average in-place rents of ~$695 remain below proven levels of ~$760.

Convenient Workforce Location

Well-located in North Little Rock with access to major employers and transportation corridors.

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Contact Us

Phone: 815-600-1588

Address: 105 W Madison St, Suite 800, Chicago, IL 60602