RPM Group sells multifamily property in downtown Little Rock

July 16-22, 2018

RPM Group/Corfac International, a leading full-service real estate brokerage specializing in commercial sales and leasing sold a multifamily property located in downtown Little Rock, Ark., for $768,800 in June. Rick Freeling, president of RPM Group Commercial division represented the Buyer, Peach Tree Opportunity Fund, LLC in this transaction. Peach Tree Opportunity Fund, LLC, is owned by Mark Brown and Jill Judy.

Located at 315 East 6th Street in the downtown area, the two story multifamily property is 10,152 square feet, was built in 1954 and contains 16 one-bedroom units. The property has great access to an abundance of residential neighborhoods, downtown office, quality restaurants and retail shops.

The Seller was the Arkansas Repertory Theater Company and was represented by Bill Rector of Renaissance Properties. Mr. Brown and Ms. Judy currently own several other multifamily properties in the downtown area and plan to keep this property as a long term investment. “At the time of the sale, the property was in good condition requiring limited rehabilitation.” stated Freeling, “Mr. Brown and Ms. Judy will do property upgrads as they are needed.” The property was completely remodeled by the Rep several years ago.

With over 300 associates, RPM Group is Arkansas’s largest, full-service real estate company. The Operating divisions include RPM Commercial and Investment, RPM Management and Coldwell Banker RPM Group (residential). Together, the divisions provide a breadth of real estate focused services unmatched in the state, including commercial sales, leasing and investment, property management, residential sales and leasing, construction and development. The Little Rock based company was founded by William F. Rector in l955.

Source: RPM Group 

PHOTO CAPTION:

The property on 315 East 6th Street in downtown Little Rock has been sold to Peach Tree Opportunity Fund, LLC. (Photo provided)