Arkansas Portfolio White Hall & Pine Bluff, Arkansas

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Investment Summary

Address

White Hall Estates
106 W Little Ln,
White Hall, AR 71602

Jefferson Court
2100 W 40th Ave,
Pine Bluff, AR 71603

Meadowbrook
1901 W 40th Ave,
Pine Bluff, AR 71603

Overview

  • White Hall Estates
  • Units 48
  • Year Built 1998
  • Renovated 2019
  • Jefferson Court
  • Units 63
  • Year Built 1971/80
  • Renovated 2019
  • Meadowbrook
  • Units 64
  • Year Built 1973
  • Renovated 2019

Investment Highlights

  • Proven Value-Add Upside Through Continued Light Cosmetic Renovations
  • Upside via Implementation of Market Fee / Other Income Structures
  • Strong In-Place Operations Offer Immediate Day One Cash Flow
  • Unique Opportunity to Obtain Critical Mass in Pine Bluff
  • Extremely Attractive per Unit Basis – Well Below Current Replacement Cost
  • Strong Workforce Location Proximate to Major Demand Drivers
  • Available With Attractive Assumable Financing or Free & Clear


Proven Value-Add Upside Through Continued Light Cosmetic Renovations

The Portfolio offers a fully proven value-add business plan that has been started by current ownership. By continuing to capitalize on the same cosmetic upgrades that ownership has complted, a new investor will be able to move effective average rents by ~$100/month across the portfolio and achieve significant revenue growth across the portfolio.


Upside via Implementation Of Market Fee / Other Income Structures

Current management is providing water, sewer, and trash at no charge to the tenants. There is an opportunity to significantly boost fee / other income through the implementation of a $35 per month flat fee for water/sewer/trash moving revenues by ~$70,000!


Strong In-Place Operations Offer Immediate Day One Cash Flow

The Portfolio offers mid-90s in-place occupancy, low delinquency, and extremely strong current operations, allowing new ownership to generate strong day one cash flow. This strong foundation allows for new ownership to focus on the future value-add business model while achieving outsized cash returns!

Amenities

Unit & Community Amenities

White Hall Estates

Unit Amenities

  • Stainless Steel Appliances*
  • Vinyl Flooring & Carpet
  • Office Spaces*
  • Walk-In Closets
  • In-Unit Washer/Dryer Hookups
  • High-Speed Internet
  • Cable-Ready

*Select Units Only

Community Amenities

  • Leasing Office
  • Swimming Pool
  • On-Site Laundry Facility
  • Playground
  • On-Site Property Manager
  • On-Site Maintenance


Jefferson Court

Unit Amenities

  • Stone Look or Black Countertop* 
  • Stainless Steel Appliances*
  • Vinyl Flooring & Carpet
  • Office Spaces*
  • Walk-In Closets
  • High-Speed Internet
  • Cable-Ready

 *Select Units Only

Community Amenities

  • Leasing Office
  • Swimming Pool
  • On-Site Laundry Facilities
  • On-Site Property Management
  • On-Site Maintenance
  • Gated Community
  • Large Courtyard
  • Cabana & Grilling Area


Meadowbrook

Unit Amenities

  • Stainless Steel Appliances*
  • Vinyl Flooring & Carpet
  • Office Spaces*
  • Walk-In Closets
  • Balconies/Patios
  • High-Speed Internet
  • Cable-Ready

*Select Units Only

Community Amenities

  • Leasing Office
  • Swimming Pool
  • On-Site Laundry Facility
  • Playground
  • On-Site Property Management
  • On-Site Maintenance
  • Large Courtyard
  • Gated Community

Location Map

Team

Brokerage Team

When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively. 


MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.


Tom Maloney

Tom Maloney

Senior Director
MMG REA
314.305.2477 tom.maloney@mmgrea.com
Daniel Wiele

Daniel Wiele

Senior Director
MMG REA
314.606.0256 daniel.wiele@mmgrea.com
Doug Dedmon

Doug Dedmon

Senior Director
MMG REA
479.629.6556 doug.dedmon@mmgrea.com
Hank Hicks

Hank Hicks

Senior Advisor
MMG REA
314.420.1828 hank.hicks@mmgrea.com
Jake Sullivan

Jake Sullivan

Associate Advisor
MMG REA
913.553.1733 jake.sullivan@mmgrea.com
Brett Meinzer

Brett Meinzer

Managing Director
MMG REA
816.516.8515 brett.meinzer@mmgrea.com
Alex Blagojevich

Alex Blagojevich

Executive Managing Director/Founding Partner
MMG REA
773.899.0391 alex.blagojevich@mmgrea.com
Michael Sullivan

Michael Sullivan

Executive Managing Director/Founding Partner
MMG REA
913.484.7923 michael.sullivan@mmgrea.com
Scott Reid

Scott Reid

In Association With ParaSell, Inc.
949.924.6578 scott@parasellinc.com

In Association With

Scott Reid ParaSell, Inc. Arkansas Broker License: #PB00078916