Investment Highlights

Light Value-Add Opportunity: New ownership will have the opportunity to add value to the property by updating the interiors, such as new flooring, countertops, appliances or painted cabinets.

Well Maintained Asset: Current ownership has spent over $430,000 maintaining the asset, including painting all buildings, replacing damaged wood, new roofs on 8 buildings, new heating & A/C units in 68 units, and replacing appliances as needed.

Upgrade Amenities Package: Terrace Villa provides the potential to enhance the existing amenities package:

  • Converting the 2 blacktop courts into more in-demand amenities, such as a dog park, grilling/pergola area, or lounge area with fire pit
  • Update pool furniture and clubhouse
  • Ample green space for additional amenities

Convenient Location to Demand Drivers: The property allows tenants quick access to many of El Dorado’s best demand drivers, including:

  • Mellor Park Mall: 280,000 SF; Hobby Lobby, Citi Trends, TJ Maxx, Shoe Show, It’s Fashion
  • Additional Retail: Walmart, Home Depot, Walgreens, Brookshire’s
  • Medical Center of South Arkansas: 131 beds; 700 jobs
  • South Arkansas Community College: 1,443 students

Access to Major Employers: El Dorado is home to several major local employers, including:

  • Medical Center of South Arkansas - 700 jobs
  • El Dorado Public Schools - 617 jobs
  • Murphy USA - 600 jobs
  • Delek US - 600 jobs
  • LanXess - 500 jobs

$100+ Million Downtown Revitalization: Murphy Arts District includes an 8,000-capacity outdoor amphitheater, the Griffin Restaurant (El Dorado’s first fine-dining farm-to-table establishment), the Griffin Music Hall and Cabaret, a 2,000-seat music hall with a four-story stage house, and a 10,000-square-foot gallery for national and international exhibits

Nearby Opportunity Zone Provides Attractive Development Opportunity: Terrace Villa is located less than 3 miles from El Dorado’s two Opportunity Zones, providing a future roadmap for developers.

Talk to us about
Terrace Villa

Broker Details

Get the Full Details on
Terrace Villa

View CA

Want to know what
your property is worth?

Request Valuation