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  • $19,000,000

    2000 Reservoir Rd, Little Rock, AR 72227

    --beds
    --baths
    113,640sqft
    : 
    Apartment
    Built in 1974
    -- sqft lot
    $-- Zestimate®
    $167/sqft
    $-- HOA

    What's special

    Contemporary flooringHigh-end finishesNew fixtures
    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.
    241 days
    on Zillow
    |
    533
    |
    19
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 29, 2025 at 07:12am

    Listed by:

    Zach Saxion 501-428-7998,

    Moses Tucker Partners 501-376-6555

    Source: CARMLS,MLS#: 24044159MLS Logo
    Travel times

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    Next available tour time:Today at 11am

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Free-Standing Range, Electric Range, Dishwasher, Disposal, Refrigerator
    Features
    • Flooring: Partial Carpet, Tile, Laminate
    Interior area
    • Total structure area: 113,640
    • Total interior livable area: 113,640 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Four Car or More
    Features
    • Levels: Two
    Lot
    • Size: 9.13 Acres
    • Features: Extra Landscaping, Will Subdivide
    Details
    • Parcel number: 43L1430000100
    • Zoning: MF

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Apartment
    Materials
    • Brick, Composition
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1974

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Not in List
    Location
    • Region: Little Rock

    Financial & listing details

    • Price per square foot: $167/sqft
    • Tax assessed value: $1,015,920
    • Annual tax amount: $121,072
    • Date on market: 12/10/2024
    • Tenant pays: Other
    • Road surface type: Paved
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