Boardwalk and College Terrace

Boardwalk and College Terrace

Fort smith, AR
Available
  • Property Type: Apartments
  • Year Built : 1972
  • Property Size: / 106 Units

Overview

Capstone Apartment Partners is pleased to present the unique offering of Boardwalk & College Terrace: a 106-unit, partially affordable community located in Fort Smith, Arkansas. Built in 1972, Boardwalk & College Terrace represent a fantastic opportunity to acquire two properties at once. Tenants of Boardwalk benefit from HUD rental assistance, while ownership takes advantage of vacancy reimbursements and turnover expense alleviation. This HUD program has proven to be so lucrative for owners that HUD no longer offers it to newly applying properties, thereby increasing the desirability of this asset even further. College Terrace is an under-rented, market rate property primed for a market proven value-add initiative to achieve immediate rent growth. The combination of Fort Smith’s growing economy and Boardwalk & College Terrace’s prime location makes this a one-of-a-kind offering.

Investment Highlights

  • Light Value-Add Opportunity
  • Organic Growth in submarket
  • Prime Location & Strong Fort Smith Economy

Contact Information

David Dirkschneider Managing Director P: 405.514.0340
O: 800.746.3175 ext. 744
davidd@capstone-companies.com
Mike Marrara Director P: 918.230.3875
O: 800.746.3175 ext. 745
mmarrara@capstone-companies.com
William Forrest Managing Director P: 405.210.3298
O: 800.746.3175 ext. 746
wforrest@capstone-companies.com
Chris O'Hare Investment Sales Advisor P: 918.812.9681
O: 800.746.3175 ext. 713
cohare@capstone-companies.com
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