425 apartment units being sold across 10 properties
Sealed Bid Auction will conclude
Thursday, December 4th at 11am CT
All bids must be submitted by 11am CT
Successful bidders will be notified within 24 hours of auction close
You may bid on any property individually or in total
These properties are subject to sell prior to auction day
This is an unprecedented opportunity to earn double digit cap rates in an appreciating sector of the country!
If bid is a minimum of 80% of appraised value,
the owners agree to guarantee 100% occupancy for 12 months.
100% occupancy gap, based on rent roll at closing, will be paid at closing.
Massive potential to get some double rents for 12 months!
Click here to view additional pictures, register for the auction and submit your sealed bid
In Blytheville, all units have been renovated. The seller has just finished renovating the final 60 apartments and have already rented more than 40 of those 60. There are more being rented every week.
Blytheville is the steel capital of the US. With tariffs on foreign steel, it has made US steel production boom and these steel mills are expanding with over $1 billion investment in Blytheville Steel Manufacturers.
About 1/3 of the units in Blytheville are rented as furnished units.
Property 1 – Capri – Blytheville, AR – 201 units
205 W Moultrie
Blytheville, AR 72315
Appraises for $15,815,000
9 Properties in Forrest City, AR – 224 units
If purchased in total, new owner will own
~50% of apartments in Forrest City
There is opportunity to increase rents – several apartments are rented below $500. Equal units are in the building are renting for $750.
In Forrest City, HUD has a waiting list of 50 approved tenants. As soon as an apartment is ready, we can get it occupied. HUD pays for all tenants with a wire on the 1st of the month.
Forrest City is growing! A huge solar farm 20 miles away (Flat Fork Solar). The solar farm is under construction for the next 3 years and those workers will need a place to live.
Google announced a $4 billion AI Plant to be built 30+/- minutes away.
Property 2 – Carriage House – Forrest City – 94 units
2226 Merrill Drive
Forrest City, AR 72335
Appraises for $6,050,000
Property 3 – Square One – Forrest City – 38 units
101 Seaton Drive
Forrest City, AR 72335
Appraises for $2,450,000
Property 4 – West Wood – Forrest City – 23 units
12 Princeton
Forrest City, AR 72335
Appraises for $1,500,000
Property 5 – Life Style – Forrest City – 16 units
928-940 Robinson Street
Forrest City, AR 72335
Appraises for $1,050,000
Property 6 – Stonewood – Forrest City – 16 units
1315 North Izard Street
Forrest City, AR 72335
Appraises for $1,100,000
Property 7 – Lands End – Forrest City – 13 units
2451 Fernwood Street
Forrest City, AR 72335
Appraises for $625,000
Property 8 – The Crossing – Forrest City – 12 units
621 Graham Avenue
Forrest City, AR 72335
Appraises for $675,000
Property 9 – Peppertree – Forrest City – 8 units
941-945 Robinson Street
Forrest City, AR 72335
Appraises for $425,000
Property 10 – Vantage Point – Forrest City – 8 units
271 Graham Avenue
Forrest City, AR 72335
Appraises for $550,000
*The auction company reserves the right to ask for bid clarification or issue a best and final last call.*