86 Hillside Ave - Apartments FOR SALE


Holiday Island, AR 72631
$1,200,000 USD
479-841-8430
86 Hillside Ave, Holiday Island, AR for Sale
$1,200,000 USD
Apartments - FOR SALE
1/16
null | 9.9% 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. 13 Units with a vacant lot to expand. Current rents are nearly $9,900 per month. 2 separate 3 story buildings with (6) 1 bedroom units per building. Owner pays water bill. (approx. $350 per month.) Units rent on average for $725 per month. 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. Potential for extra income with paid washer and dryers. new roof, paved parking lot and fresh paint on the exteriors in 2021. Close to Table Rock lake and Holiday Island Marina.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

13

PRICE/UNIT

$92,308

CAP RATE

9.9%

% 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.