Oakbrook Apartments
Location: Fort Smith, Arkansas
Units: 134 total (Class C Property)
Amenities & Features:
- A recreational community with swimming pool and sundeck, basketball court and fresh landscaping
- Units are pet friendly and select units offer full-size washer/dryer connections
- On-site service includes laundry facilities, off street parking, and transportation hub for public transportation
Oakbrook Apartments is located walking in Fort Smith, AR, which is the #1 manufacturing hub in Arkansas. Fort Smith is the 2nd largest city in Arkansas, with approximately 83,000 people and ranked as the #8 Best Places for Business and Career in 2019 by Forbes. The cost of living is 15% the National Average, unemployment is 31% below the National Average and Arkansas is known to be the #1 landlord friendly State. Where this property is located, annual rent gains continue to be strong at 6.2% (per Apartment Data, Inc as of Dec 2019).
Oakbrook Apartments is a beautifully developed apartment community providing everything you want right at home, in your own neighborhood. Conveniently located to I-49, Highway 71B, The University of Arkansas- Fort Smith, and just minutes to area shopping, restaurants, and entertainment . Whether your preference is upstairs with added views or downstairs for convenience, your spacious apartment is well-designed for maximum space efficiency and comfort. Open floor plans create the perfect atmosphere for both entertaining and comfortable living. Private bedrooms and baths offer the optimum layout for singles, families, or roommates. Enjoy the convenience of appliances in the kitchen including refrigerator, range, dishwasher, and disposal. Our recreational amenities include swimming pool with sundeck area, basketball court, on-site laundry facility, and an abundance of greenspace for walking, jogging, or just enjoying the view. This multi-family asset will be purchased in November 2020 and is projected to return 11.0% cash-on-cash return , 115.7% overall rare of return, and an internal rate of return of 17.3% to investors.