The Marcy
Single Family
3
2
1250
Sqft
2023
$180,000
Purchase Price
$1,345
Rent / Mo
0%
Refinance Candidate
Property Leverage
823 West 20th Street, North Little Rock, AR 72114
About
The Marcy is an all-brick, three-bedroom, two-bathroom home in North Little Rock, Arkansas. The modern design features an open floor plan, a covered front porch, and an oversized main suite. Upgrades include granite countertops in the kitchen and laundry room, LVP flooring, and custom moldings. The Marcy is conveniently located within commuting distance to several large companies that call North Little Rock home, including the new Lowe’s distribution center, making it an ideal location for young professionals.
Tenant Leasing Process
The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.
Rented
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Little Rock, AR
Little Rock is Arkansas's capital and largest city. It has a population of just over 200,000 and serves as the state's economic, cultural, and political hub. The economy of Little Rock is diverse and driven by various industries, including healthcare, government, education, transportation, and manufacturing. It's home to several major employers, including the University of Arkansas for Medical Sciences, the Arkansas Children's Hospital, and the Little Rock Air Force Base. Little Rock is known for its vibrant cultural scene, with countless museums, galleries, and performing arts venues, including the Arkansas Arts Center, the Clinton Presidential Library, and the Robinson Center. The city's location in central Arkansas makes it a major transportation hub, highlighted by the Port of Little Rock, the Bill and Hillary Clinton National Airport, and access to Interstate 30 and 40. Overall, Little Rock offers a unique combination of economic, cultural, and transportation advantages, making it an attractive market for businesses, families, and investors.
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$219,950
Invested
100%
Funded
604
Investors