195 County Road 137 - Apartments FOR SALE


Corning, AR 72422
$995,000 USD
870-219-3322
195 County Road 137, Corning, AR for Sale
$995,000 USD
Apartments - FOR SALE
1/6
null | 11.19% Cap Rate

195 County Road 137
Corning, AR 72422


HIGHLIGHTS

  • 20 Units
  • Room to build on additional 1.0 acre lot for purchase
  • Potential for rent improvement
  • Located near future I-57
  • New mini-splits
  • Additional coin laundry income

OVERVIEW

20-doors! Three all brick buildings on +/-1.5 acres. Take a look at this investment opportunity offering not only a solid income stream but also the potential for expansion. Positioned near the future I-57 interstate, this complex is convenient for commuters, enhancing its desirability and long-term value. All 20 apartments were upgraded with new mini-split heating and air units in 2024, offering tenants comfort and energy efficiency. Additional revenue income from on-site coin-operated laundry. Room for value add and rate improvements. An additional +/- 1.0 acre with appproxmimatly 240 ft of highway frontage is available to purchase providing an excellent opportunity for further development, allowing you to capitalize on the demand for additional rental units or other business ventures.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

20

PRICE/UNIT

$49,750

CAP RATE

11.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westwood Acres Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

722-01396-001C

ASK ABOUT THIS PROPERTY

Kim SheltonHalsey Thrasher Harpole Real Estate GroupMore Info
870-219-3322

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Kim SheltonHalsey Thrasher Harpole Real Estate GroupMore Info
870-219-3322

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