124 S College St - Apartments FOR SALE
Mountain Home, AR 72653 |
124 S College St
Mountain Home, AR 72653
HIGHLIGHTS
- College Manor is a fully leased, 33-unit property at 124 S College Street in Mountain Home, AR, offering strong cash flow and stable occupancy.
- Property expanded in 2022 with 17 new units featuring new finishes and the remaining 16 can be upgraded to command higher rents.
- Unit mix includes seven one-bed/one-bath, 10 two-bed/one-bath, and 16 two-bed/two-bath units, averaging 775 square feet, appealing to varied tenants.
- Value-add potential via new renovations and billing changes with projected $200 to $400 rent increases to boost annualized NOI by approximately 20%.
- Located near healthcare, education, and recreation, College Manor is surrounded by top amenities, professional hubs, and natural beauty in the Ozarks.
- Mountain Home’s strong multifamily market had only 2.8% vacancy and 4.9% rent growth YOY in Q4 2024, backed by steady demand from various sectors.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
College Manor Apartments
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
28580
STORIES
2
YEAR BUILT
1985
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
007-14515-000
