Quapaw Apartments Sell In $1.9M Transaction (Real Deals)


Quapaw Apartments Sell In $1.9M Transaction (Real Deals)
South Village at Quapaw Apartments at 1300 Louisiana St. in Little Rock. (Google Maps)

The 16-unit South Village Apartments at Quapaw in downtown Little Rock weighed in at $1.92 million.

Little Rock Historic Properties LLC, led by Mark Brown and Jill Judy, acquired the 1301 Louisiana St. project from Stewart Real Estate Development LLC, led by Charles Stewart.

The deal is financed with a 20-year loan of $1.6 million from First National Bank of Paragould.

The 0.46-acre development was tied to an April 2015 mortgage of $1.5 million and a September 2015 mortgage of $210,000 held by First Security Bank of Searcy.

Stewart bought the location in November 2012 for $39,000 from Christina Basham, Lisa McNeir and the McGehee Family Revocable Living Trust.

Engineering Quarters

A Little Rock engineering firm has found a new home after a $1.5 million transaction.

6301 South University Avenue LLC, an affiliate of Jack Tyler Engineering, purchased the 41,968-SF Landers Auto Body project at its namesake address.

The seller is CAR UNI AR LIT LLC, an affiliate of Capital Automotive Real Estate Services of McLean, Virginia.

The 5.08-acre development was acquired for nearly $2.9 million in May 2005 from Automotive Group Realty LLC, an affiliate of Penske Realty Inc. of Bloomfield Hills, Michigan.

Fast Lane Buy

A 2,800-SF office-warehouse and self-storage property in southwest Little Rock drew a $700,000 transaction.

Fast Lane Capital LLC of Linthicum Heights, Maryland, bought the 201-unit Budget Mini Storage at 7216 Baseline Road from Eduviges Luer.

The 2.71-acre development was linked with a June 2015 mortgage of $215,430 held by Centennial Bank of Conway and helped secure a June 2020 mortgage of $300,000 held by Arvest Bank of Fayetteville.

The project was purchased in September 2000 for $435,000 from Ron and Dale Broadaway.

Tandem Acquisitions

A comic book store in North Little Rock and a Razorback paraphernalia store sold in tandem deals totaling $575,000.

JWJ Investments LLC, led by Steven Jenkins, acquired the 3,096-SF Collector’s Edition project at 3217 JFK Blvd. for $325,000 from Michael Tierney and the 1,672-SF Hogman’s Hog Pen at 1819 S. University Ave. for $245,000 from the Nalley Living Trust, led by Margaret and Louis Nalley Jr.

The trust provided a five-year mortgage of $245,000. The Nalleys assembled the 1.82-acre Hogman’s property in deals totaling more than $11,100.

The sellers were Fourche River Land Co., led by H.F. Buhler, $9,600 in April 1962; Richard and Dorothy Chenault, $1,500 in August 1960; and Eria McGinty, an unrecorded sum in August 1954.

Tierney bought the 0.51-acre Collector’s Edition development in December 1991 for $155,000 from Burlingame & Associates III Inc. of Tulsa.

Woodlands Edge

A 5,214-SF home in west Little Rock’s Woodlands Edge neighborhood tipped the scales at $1.36 million.

Benjamin and Ashley Davis purchased the house from Randy Wright Builders

LLC. The deal is funded with a 30-year loan of $1.1 million from U.S. Bank of Cincinnati.

The residence was tied to a July 2019 mortgage of $956,250 held by First Security Bank. The site was acquired for $160,000 in January 2018 from Rocket Properties LLC, led by Lisenne Rockefeller and Jesse Munn.

Club House I

A 3,783-SF home near the Country Club of Little Rock changed hands in a $983,000 sale.

James Zook Sr. and his wife, Diane, bought the house from Larry and Mickey Drennan. The deal is backed with a one-year loan of $830,000 from First Community Bank of Batesville.

The Drennans purchased the residence for $874,900 in January 2019 from Jeff Fuller Homes LLC.

Club House II

A 3,228-SF house near the Country Club of Little Rock rang up an $835,000 sale.

Stephen and Jennifer Sperry acquired the house from Ruth McDonough. The deal is financed with a 30-year loan of $635,000 from Regions Bank of Birmingham, Alabama.

McDonough bought the residence for $750,000 in November 2013 from Paul Guess.

St. John’s Place

A 3,032-SF home in Little Rock’s St. John’s Place neighborhood is under new ownership after a $735,000 deal.

James Murphy Jr. and his wife, Janet, purchased the house from the L. Dickson Flake Revocable Trust.

Dickson and Linda Flake acquired the location for $30,000 in October 1989 from St. John’s Place, a joint venture between the Roman Catholic Diocese of Little Rock and BQFA Holding Co., led by Dickson Flake.

PV Residence I

A 3,178-SF home in west Little Rock’s Pleasant Valley neighborhood drew a $721,000 transaction.

The Vincent M. Ward & Leann M. Ward Revocable Trust bought the house from Lance and Amy Burns.

The deal is funded with a 30-year loan of $576,800 from Arvest Bank. The residence was linked with a June 2012 mortgage of $414,000 held by Arvest.

The Burns family purchased the property for $550,000 in June 2010 from William and Marla McCrary.

Ensbury Place

A 4,258-SF home in west Little Rock’s Ensbury Place neighborhood sold for $639,500.

Benjamin and Devin Sessions acquired the house from RQM LLC, led by Russell and Quenna Milam. The deal is backed with a 30-year loan of $648,186 from Simmons Bank of Pine Bluff.

The residence was tied to a May 2019 mortgage of $535,000 held by First Security Bank.

RQM bought the site for $84,000 in December 2017 from Deltic Timber Corp. of El Dorado.

Overlook Park

A 3,255-SF home in Little Rock’s Overlook Park neighborhood changed hands in a $585,000 deal.

Marty and Cary Smith purchased the house from Casey Hutto.

The deal is financed with a 30-year loan of $517,545 from Bank of Little

Rock Mortgage Corp. The residence was linked with a March 2015 mortgage of $412,000 held by the corporation.

Hutto acquired the property more than five years ago for $515,000 from Richard Thalheimer and Joan Thalheimer Nafe.

Twin Mountain

A 3,177-SF home in the Twin Mountain neighborhood of west Pulaski County rang up a $515,000 sale.

Christopher and Allison Davis bought the house from Derek and Jill Franklin. The deal is funded with a 30-year loan of $460,000 from Simmons Bank.

The residence was tied to a March 2017 mortgage of $424,000 held by Peoples Bank of Sheridan.

The Franklins purchased the 5.37-acre property for $135,000 in February 2016 from Selby and Rebecca Kennedy.

PV Residence II

A 3,481-SF home in west Little Rock’s Pleasant Valley neighborhood is under new ownership after a $500,000 transaction.

Brooks Coleman and Kelly Hair acquired the house from Cade and Teri Cox. The deal is backed with a 30-year loan of $400,000 from Bank of Little Rock Mortgage

The residence was linked with an April 2013 mortgage of $268,000 held by Arvest Bank.

The Cox family bought the property for $335,000 more than seven years ago from the Joseph W. Gillespie Revocable Trust.