Description
Excellent investment opportunity just one block from Downtown Searcy and only minutes from Harding University! This 16-unit multifamily property features all one-bedroom, one-bath apartments averaging approximately 530 square feet each. The property is currently 100% occupied, with rents ranging from $450 to $625 per month and current scheduled rents totaling $8,950 per month ($107,400 annualized). Recent leases reflect rents as high as $625 per month, offering continued potential as leases turn over. With a convenient location near downtown, Harding University, shopping, dining, and other Searcy amenities, this is a great opportunity to add an established, income-producing multifamily property to your portfolio. See Agent Remarks for additional financial information.
Details
| MLS # | 26037374 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1980 |
| Days On Site | 33 |
| Listing Provided By | Howell Realty Pros | Dylan Johnston |
Features
| Story(s) | 2 |
|---|---|
| Units | 16 |
| Zoning | Commerical |
| Acreage | 0.34 |
Exterior
| Exterior | Frame |
|---|---|
| Roof | Architectural Shingle |
| Foundation | Slab |
Utilities
| Utilities | Sewer-Public, Water-Public, Electric-Municipal |
|---|
Taxes
| Property | 2000 |
|---|
Area Information
| State | AR |
|---|---|
| County | White |
| City | Searcy |
| Zip Code | 72143 |
| Area | SEARCY |
| Subarea | SEARCY |
| Community Name | Searcy Original |
| Listing VS Median (in Searcy Original) | |
Price: $985,000 low | high Med: $179,450 On site: 33 low | high Med: 37.5 | |
Market Activity 72143
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Learn More About This Property
| State | AR |
|---|---|
| County | White |
| City | Searcy |
| Zip Code | 72143 |
| Area | SEARCY |
| Subarea | SEARCY |
| Community Name | Searcy Original |
| Listing VS Median (in Searcy Original) | |
Price: $985,000 low | high Med: $179,450 On site: 33 low | high Med: 37.5 | |
