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Listing Courtesy of: Edge Realty - Cabot - 501-843-4663

Description for

MLS# 23030590

Welcome to our newly remodeled apartment complex near downtown Conway, AR! Enjoy 19 units, including 10 spacious 2-bed, 1-bath apartments & 9 cozy 1-bed, 1-bath units. Recent extensive renovations throughout offer clean, modern and safe tenant environment. This fully occupied, turnkey complex offers a lucrative investment opportunity. Conveniently located near downtown, residents have easy access to dining, shopping, & entertainment. Don't miss this chance to own a piece of Conway's thriving rental market!

General Features Property for Sale

  • Price
    $2,225,000
  • MLS#
    23030590
  • Number of Stories
    1
  • Year Built
    1999
  • County
    Faulkner
  • Subdivision
    Conway
  • Approx. Lot Size
    2.0
  • Approx. Acreage*
    2

Additional Details

General

Approx Acreage : 2
Approx Bldg S Q F T : 17617
Foundation : Slab
New Construction : No
Possession : At Closing
Source Of Square Feet : Tax Records
Style : Traditional

Financial

Annual Expenses : $9,050
Annual Income : $210,000
Annual Taxes : $10,206
Expenses Include : None
First B R Maximum Rent : 875
First B R Minimum Rent : 775
Lease Type : Monthly, Yearly
Tenant Expenses : Gas, Electric

Interior

Floors : Tile
Interior Features : Washer Connection, Dryer Connection-Electric, Hot Water Heater-Gas, Hot Water Heater-Electric, Fan - Ceiling
Kitchen Equipment : Built-In Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays

Exterior

Exterior : Brick, Metal/Vinyl Siding
Exterior Features : Dumpster
Roof : Architectural Shingle

Lot

Approx Lot Size : 2.0
Lot : Level
Roadsurface : Paved
Will Subdivide : No
Zoning : Mf-3

Equipment

Heating And Air Cond : Central Cool-Gas, Central Heat-Gas
Utilities : Sewer-Public, Water-Public, Electric-Municipal

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Market Research

This Property

  • $2,225,000

    List Price

  • 157

    Days on Website (Sep 27, 2023)

Cabot Multi-Family Values

  • $2,225,000

    Average List Price

  • 157

    Average Days on Market

  • $369,389

    Average Sold Price

  • 2,022

    Number of Properties for Sale

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Request Details

Hi, Are you curious about this property? Contact us with any questions.

Listing Courtesy of: Edge Realty - Cabot - 501-843-4663
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than Crye-Leike are marked with the Broker Reciprocity SM logo and information about them includes the name of the listing brokers. The broker operating this web site believes the data here to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. For the most current information, contact Crye-Leike, REALTORS®. This data is updated daily. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Copyright 2024 Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. All rights reserved.