2020 W 3rd St Little Rock, AR 72205
Hillcrest NeighborhoodEstimated payment $16,324/month
Highlights
- Multiple Garages
- 0.89 Acre Lot
- Video Patrol
- Central High School Rated A
- Contemporary Architecture
- Home Security System
About This Home
The Executive Building—a remarkable redevelopment opportunity in the heart of Little Rock, Arkansas. Formerly offering six stories of diverse office and retail spaces, this prime property is being strategically reimagined to meet the surging demand for multifamily housing. The shift will transform the existing commercial layout into 28 vibrant residential units, providing an attractive investment for those eager to capitalize on the strength and stability of the multifamily sector. This unique value-add project will enhance the property’s potential, with 28 Units positioned for tasteful renovations to align with the refined lifestyle and convenience today’s renters seek, and 63 self-storage units to maximize your potential income. See the attached Offering Memorandum (Future Rent Numbers, Renovation Budget, Floor Plan) **See Agent Remarks For Showing Instructions** Disclaimer: Information provided is for general purposes only. All details, including square footage, unit sizes, and renovation plans, are close approximations, with no guarantees regarding accuracy. The agent/broker makes no representations or warranties, expressed or implied, regarding the property.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $24,780
Year Built
- Built in 1971
Lot Details
- 0.89 Acre Lot
- Sloped Lot
Parking
- Multiple Garages
Home Design
- Contemporary Architecture
- Flat Roof Shape
- Slab Foundation
- Rolled or Hot Mop Roof
- Block Exterior
Interior Spaces
- 31,800 Sq Ft Home
- Elevator
- Suspended Ceiling
- Tile Ceilings
- Sheet Rock Walls or Ceilings
- Home Security System
Flooring
- Laminate
- Concrete
- Tile
- Luxury Vinyl Tile
Utilities
- Mini Split Air Conditioners
- Window Unit Cooling System
- Window Unit Heating System
- Mini Split Heat Pump
- Electric Water Heater
Community Details
Overview
- 28 Units
- High-Rise Condominium
Security
- Video Patrol
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,780 | $354,000 | $71,795 | $282,205 |
| 2024 | $24,780 | $354,000 | $71,795 | $282,205 |
| 2023 | $24,780 | $354,000 | $71,795 | $282,205 |
| 2022 | $24,780 | $354,000 | $71,795 | $282,205 |
| 2021 | $26,438 | $375,000 | $71,800 | $303,200 |
| 2020 | $26,250 | $375,000 | $71,800 | $303,200 |
| 2019 | $17,892 | $255,600 | $71,800 | $183,800 |
| 2018 | $17,892 | $255,600 | $71,800 | $183,800 |
| 2017 | $25,054 | $357,910 | $71,800 | $286,110 |
| 2016 | $30,367 | $433,820 | $71,800 | $362,020 |
| 2015 | $30,411 | $433,817 | $71,800 | $362,017 |
| 2014 | $30,411 | $397,567 | $71,800 | $325,767 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | For Sale | $2,700,000 | 0.0% | $85 / Sq Ft |
| 03/21/2025 03/21/25 | Pending | -- | -- | -- |
| 03/13/2025 03/13/25 | For Sale | $2,700,000 | 0.0% | $85 / Sq Ft |
| 02/14/2025 02/14/25 | Pending | -- | -- | -- |
| 11/06/2024 11/06/24 | For Sale | $2,700,000 | -- | $85 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,700,000 | Waco Title | |
| Warranty Deed | $2,300,000 | First National Title | |
| Warranty Deed | $1,400,000 | First National Title Company | |
| Warranty Deed | $65,000 | Standard Abstract & Title Co | |
| Warranty Deed | $88,000 | Standard Abstract & Title Co | |
| Warranty Deed | $1,500,000 | First National Title Company | |
| Warranty Deed | $740,000 | First National Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,295,000 | New Conventional | |
| Closed | $1,939,524 | New Conventional | |
| Previous Owner | $1,255,110 | Credit Line Revolving | |
| Previous Owner | $48,750 | Purchase Money Mortgage | |
| Previous Owner | $600,000 | Construction |
Source: Cooperative Arkansas REALTORS® MLS
MLS Number: 24040477
APN: 34L-038-00-055-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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