Constructed in 1984, Brightwaters consists of 256 residential units in 15 two-story buildings located in Little Rock’s affluent Riverdale submarket. Located along the south bank of the Arkansas River adjacent to the downtown CBD and known for its unique outdoor amenities including the popular River Trail, Riverdale hosts a mix of Class A commercial office buildings, high end single family and multifamily housing, as well as an eclectic restaurant and retail scene. Brightwaters enjoys an excellent location within the submarket, with generous frontage along the riverbank and direct access to the River Trail.
Brightwaters features a highly marketable unit mix and amenity package. The property offers functional, well laid out 1×1 and 2×1 floor plans that include amenities that appeal to current renters including semi-open kitchens, in-unit laundry, and large walk-in closets. Additionally, ongoing unit upgrades have kept the product fresh and in line with the expectations of the submarket’s higher income resident profile, allowing the property to achieve significant rent premiums. Community amenities are also in line with market expectations and include a saltwater pool, recently installed grilling area, fitness center, and dog park. Finally, Brightwaters’ river deck is a popular amenity that allows the property to take full advantage of its unique location, allowing residents to enjoy scenic river front views within steps of their home.Property website