7462 Highway 187 - Apartments FOR SALE


Eureka Springs, AR 72631
$695,000 USD
479-231-1355
7462 Highway 187, Eureka Springs, AR for Sale
$695,000 USD
Apartments - FOR SALE
1/54
null | Request Cap Rate

7462 Highway 187
Eureka Springs, AR 72631


HIGHLIGHTS

  • Minimum Potential Income: About $5,000/MO
  • 2 Efficiency Units (studios)
  • 1 2 bed/1 bath Unit
  • +/- 4,600 SF Home with Full Basement and Solar Panels
  • +/- 5 Acres
  • 2 Shops & 1 large RV/Car/Boat Port

OVERVIEW

3 Airbnb or STR units, one single family house, 2 shops, and one large RV/car/boat port all on +/- 5 Acres! Of the 3 Airbnb units, 2 are efficiency units (studios) and one is a 2 bed/1 bath. The main home spans over 4600 SF and includes a full basement and solar panels. Estimated minimum potential rental income could be about $5,000/mo with the house rented at $2,500/mo, the 2 efficiency units rented at $75/night and rented at least 100 days a year each and the 2bed/1bath unit rented at $600/mo. Just two minutes to White River and Beaver Lake and just 9 miles West of Eureka Springs, AR. You can also buy the adjacent property which has 3 additional rental units and a bar/restaurant business with a turn key kitchen!

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

4

PRICE/UNIT

$173,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

Agricultural

APN/PARCEL ID

001-09509-002

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.