[New!] 40 Units : Russellville, AR – Pope-Fairview Estates : by CR Diamond Properties

Last Updated: June 26, 2016

Epik Capital Partners is happy to announce that Chris McCloy of CR Diamond Properties has entered into contract for a new apartment acquisition – the Pope-Fairview Estates in Russellville, AR!

Nestled in a quiet town, this 40 unit properties is located within 10 minutes drive from major shopping centers & chain stores (including Walmart, Walgreens, Chili’s, Chick-fil-A, Lowe’s, Sonic, & more), and contains a mix of (32) 2-bedroom and (8) 3-bedroom units.

These Class-C apartments are currently 100% occupied – making them a stable, immediately cash-flowing property for investors. Upon takeover, we will increase rent on all units to average market rents.

Russellville, AR (40) Units      Russellville 40 Units
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Russellville, AR 40 Units      Russellville, AR 40 Units
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Russellville 02 SM      Russellville, AR 40 Units

Deal highlights

  • 40 units
  • 1973 Construction – good condition!
  • In place average rents of $450-550 (below market)
  • 100% occupied – stable
  • Median Home Price: $80-90k
  • Price per unit: $25k
  • Opportunity to increase rents $25-75 per unit to market levels
Russellville, AR 40 Units     Russellville, AR 40 Units
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Russellville, AR 40 Units     Russellville, AR 40 Units

A Great Location
  • 10 mins away from Arkansas Tech University
  • Minutes away from Interstate 40 for quick commutes

Excellent Demographics

  • Population change since 2000: +22.4%
  • Only 4.8% unemployment rate (US Average: 5.5%)
  • Median age significantly below state average
  • Average crime rate
  • Diversified jobs & industries nearby
    – Manufacturing (20%)
    – Retail trade (11%)
    – Construction (11%)
    – Educational services (10%)
    – Other services, except public administration (8%)
    – Accommodation and food services (7%)
    – Utilities (6%)
    – Other (27%)

Russellville 09 SM


This is a unique opportunity to acquire a performing asset in a stable location. If you would like learn more about this or other upcoming Epik CP projects, please complete this Investor Questionnaire to get started!


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