BROOKSTONE PARK

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Download Brookstone_Park_Clarkville_AR_Marketing_Package.pdf
BROOKSTONE PARK
  • LIHTC Extended Use Period Terminated on January 18, 2018
  • 3BD and 4BD Units on Individual Tax Parcels Can Be Sold as Single Family Homes
  • Top Employment Opportunities in the Area Include Tyson Inc., and Hanesbrands, Inc.
  • Easy Access to Interstate 40 and Outdoor Activities

27 Cypress Avenue
Clarksville, AR 72830

  • Status: Available
  • Price: UNPRICED
  • # of Units: 44
  • Rentable SF: 51,778
  • Year Built: 2002
  • # of Buildings: 44
  • Lot Size: 11.1435 Acres
  • Density: 3.95 Units/Acre
  • # of Stories: 1
  • Download Marketing Package:
  • Description:

    • Brookstone Park is an affordable housing community located in Clarksville, AR and is comprised of three and four bedroom units laid out as single family homes.  Clarksville is located along the Arkansas River and offers residents of the area easy access to outdoor activities.  The property is minutes from Interstate 40 and within close proximity to restaurants, entertainment, and schools.  

      Brookstone Park was built and placed into service in 2002 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is a Declaration of Land Use Restrictive Covenants for Low-Income Housing Tax Credits (LURA) for the property, whose extended use period was terminated on January 18, 2018. The LURA was released by the Arkansas Development Finance Authority (ADFA), except for eviction and termination requirements, which shall remain in full force and in effect until January 18, 2021.  Due to the partial release of the LURA, a new owner can capitalize on a single family home sales strategy.

      The community offers spacious yards, park area for recreation, and 24-hour emergency maintenance. Residents enjoy open living and dining spaces, fully-equipped kitchens with range and refrigerator, private garages, and washer/dryer connections.

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