1032 Mullins - Apartments FOR SALE


Magnolia, AR 71753
$6,160,000 USD
870-949-9964
1032 Mullins, Magnolia, AR for Sale
$6,160,000 USD
Apartments - FOR SALE
1/5
null | 7.5% Cap Rate

1032 Mullins
Magnolia, AR 71753


OVERVIEW

Low and no maintenance! Located in a great community inside city limits of the county seat along with growing workforce. Property is situated in its own unique enclave and defines itself as its own tranquil "neighborhood" while easily accessible to; University, major hospital, oil gas chemical, manufacturing, timber, retail and other local industry drawing a solid tenant base with room for increase and added revenue streams. 100% of units are functional and renting. Turn key well organized operations with disciplined process in place. Excellent opportunity for owner operator or investor groups.

FOR SALE DETAILS

PRICE

$6,160,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

65

PRICE/UNIT

$94,769

CAP RATE

7.5%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gran Creûx Estate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

110

LAND DETAILS

LAND ACRES

15 AC

LAND SF

653,400 SF

ZONING

C1

APN/PARCEL ID

01-00994-00000,01-00996-00000,01-01060-00000

ASK ABOUT THIS PROPERTY

John SmithGran Creûx EstateMore Info
870-949-9964

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John SmithGran Creûx EstateMore Info
870-949-9964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.