86 Hillside Ave - Apartments FOR SALE


Holiday Island, AR 72631
$495,000 USD
479-841-8430
86 Hillside Ave, Holiday Island, AR for Sale
$495,000 USD
Apartments - FOR SALE
1/16
null | 10.18% Cap Rate

86 Hillside Ave
Holiday Island, AR 72631


HIGHLIGHTS

  • Cooling Available.
  • Cleaners in place.

OVERVIEW

Turn key property with on site manager and cleaner in place. Owner is willing to split the property and sell with 6 units for $495,000. 6 additional units can be purchased for $495,000 and 1 AirBNB unit with a laundry room for additional income with a price of $249,000. They own a total of 13 Units with a vacant lot to expand. Current rents are nearly $9,900 per month. Each 6-plex includes (6) 1 bedroom/ 1 Bath units per building. Each 6-plex rents for approx. $4,200 per month. Owner pays water bill. Separate single story 2 bedroom unit that rents for approx. $1200 per month with AirBNB. Laundry room attached to the 2 bedroom unit with 3 washers and 3 dryers. ( $480 income per month off the washer and dryer pay). New roof, paved parking lot and fresh paint on the exteriors in 2021. Close to Table Rock lake and Holiday Island Marina. Total Price is $1,200,000 for all 13 units with a monthly income of nearly $9900.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

6

PRICE/UNIT

$82,500

CAP RATE

10.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

Commercial

APN/PARCEL ID

320-03237-000

ASK ABOUT THIS PROPERTY

Ronnie SandersonSanderson & Associates Real EstateMore Info
479-841-8430

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Ronnie SandersonSanderson & Associates Real EstateMore Info
479-841-8430

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