305 S Border St - Apartments FOR SALE


Benton, AR 72015
$1,900,000 USD
501-317-9782
305 S Border St, Benton, AR for Sale
$1,900,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

305 S Border St
Benton, AR 72015


HIGHLIGHTS

  • Minutes from downtown and blocks away from freeway access.
  • 6 exterior stairwell / decks have been replaced and painted.
  • 49 windows have been replaced.
  • 11 apartments have original floor plans and have been completely remodeled (no upgrade to cabinets or counter tops but floors and paint done.
  • 12 apartments have new open floor plans & have been completely remodeled within the last 5 years, including upgraded counter tops lighting & cabinets.
  • A new sump pump was installed to improve drainage.

OVERVIEW

Perfectly maintained and updated, minutes from downtown and blocks away from freeway access. Fantastic opportunity to start or build an investment portfolio as property has been well kept with excellent tenants. Easy to rent. Updates include: 1.) 6 exterior stairwell / decks have been replaced and painted. 2.) Exterior concrete scraped and painted around all units. 3.) 49 windows have been replaced 4.) Fence added along the drainage ditch 5.) 15 new HVAC units 6.) 12 Water heaters 7.) A new sump pump was installed to improve drainage. 8.) 30 various appliances (refrigerator, washer, dryer, stove, dishwasher) 9.) 12 apartments have new open floor plans and have been completely remodeled within the last 5 years, including upgraded counter tops lighting, cabinets and flooring. 11 apartments have original floor plans and have been completely remodeled, (no upgrade to cabinets or counter tops but floors and paint done). 2 units have tenants that have lived in the units for over 5 years and no recent upgrades have been made.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

24

PRICE/UNIT

$79,167

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

805-18670-000

ASK ABOUT THIS PROPERTY

Lindsey BlaylockBailey & Company Real EstateMore Info
501-317-9782

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Lindsey BlaylockBailey & Company Real EstateMore Info
501-317-9782

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