New Listing Multi-Family MLS# 26036726

11223 Morningside Drive

Little Rock, AR 72103

$1,400,000

About 11223 Morningside Drive

Turnkey investment opportunity featuring eight occupied single-family rental homes offered as one package: 11223 Morningside Dr., Mabelvale—3 BR, 1.5 BA, 1,344 SF; 10025 Wilderness Rd.—3 BR, 2 BA, 1,547 SF; 6804 Fairfield Dr.—3 BR, 1 BA, 1,142 SF; 10 Portsmouth Dr.—2 BR, 1.5 BA, 900 SF; 4121 Arapaho Trl.—2 BR, 1.5 BA, 1,444 SF; 7500 Redwood Dr.—3 BR, 1 BA, 884 SF; 3601 Lilac Ter.—3 BR, 1 BA, 988 SF; and 14819 Arch St.—2 BR, 1 BA, 1,074 SF. All properties except Morningside are in Little Rock. The portfolio totals 21 bedrooms, 10.5 bathrooms and approximately 9,323 SF. Seller reports potential for future income growth as leases renew, subject to lease terms, required notices, housing-assistance guidelines and applicable law. Four homes participate in housing-assistance programs. Professionally managed. Several homes were renovated in 2017, 2022 or 2023, with approximately $139,000 in reported repairs and improvements. Several long-term tentants/leases extend into 2027, providing established income from day one. No reported HOA/POA fees or owner-paid monthly utilities. Package sale only; seller will not divide. Do not disturb tenants. Buyer to verify all information.

Property details

Property

Type
PKG Single Family
MLS type
MultiFamily
Status
New Listing
Year built
1972
Living area
9,323 sqft
Price / sqft
$150
Lot
0.35 AC
Original price
$1,400,000
MLS #
26036726

Location

Subdivision
Hollywood Heights
County
Pulaski
Directions
https://maps.app.goo.gl/ecg1BNb1G9Q8jLvp7

Location

Neighborhood
Hollywood Heights

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Listed by Madison Ralph, LPT Selling Luxury

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.