622 S Wright St - Apartments FOR SALE


Siloam Springs, AR 72761
$349,900 USD
479-231-1355
622 S Wright St, Siloam Springs, AR for Sale
$349,900 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

622 S Wright St
Siloam Springs, AR 72761


OVERVIEW

+/- 9% cap rate on actual financials! This excellent investment opportunity in Siloam Springs features a +/- 3,029 SF property with four fully occupied rental units. The property includes a mix of unit sizes: two 1-bed, 1-bath units, one 2-bed,1-bath unit, and one 3bed, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three of the units have contracted leases, while one operates on a month-to-month basis, with rental rates ranging from $600 to $1,100/mo. Each unit's cabinets have recently been replaced. The property does not feature central air, each unit is equipped with a window unit. The property consists of a two-story home and a detached home. Conveniently located just 350 feet from S Mt. Olive St. and only 0.5 miles from US. Highway 412 and Harps Food Stores, this property provides easy access to local amenities and major roadways, making it an attractive option for investors.

FOR SALE DETAILS

PRICE

$349,900 USD

PRICE/SF

$116 USD /SF

# OF UNITS

4

PRICE/UNIT

$87,475

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

03-01801-000

ASK ABOUT THIS PROPERTY

Tim SalmonsenSalmonsen Group of KW CommercialMore Info
479-231-1355

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Tim SalmonsenSalmonsen Group of KW CommercialMore Info
479-231-1355

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