For Sale
$640,000

155 Venable St Booneville, AR 72927

10-Unit Apartment Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
133
This stabilized, multifamily investment opportunity presents a well-maintained 10-unit apartment building located at 155 W Venable St, Booneville, AR 72927. The property, built in 1983 and extensively renovated in 2022, boasts a total of 6,168 square feet situated on a 17,805 square foot lot. The complex comprises four single-story buildings, offering a mix of eight one-bedroom and two two-bedroom units, all currently 100% occupied. The property features a strong NOI of $50,773.74, resulting in a compelling 7.93% cap rate. The asking price is $640,000, translating to $64,000 per unit. Significant improvements include HVAC system replacements in 2019 and roof replacements in 2022 (three buildings) and approximately 2017 (remaining building). This Section 8 property requires all tenants to meet established qualification criteria. This is a turnkey investment with excellent potential for continued strong returns. The property is located in Logan County, Arkansas.

Highlights

  • 10-Unit Multifamily Property
  • 100% Occupancy Rate
  • Eight 1-Bedroom Units
  • Two 2-Bedroom Units

Property Details for 155 Venable St

Property type
Apartment buildings
Square Feet
6,168 SF
Class
C
Year Built/Renovated
1983/2022
Buildings
4
Stories
1
Units
10

Location Insight

City
Booneville
County
Logan
State
Arkansas
Latitude
35.1373286
Longitude
-93.9237372

FAQs

What type of property is this?
Apartment building - 10-Unit Apartment Building, High Occupancy
Where is the apartment building located?
The property is located at 155 Venable St Booneville, AR.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 10-Unit Multifamily Property; 100% Occupancy Rate; Eight 1-Bedroom Units
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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155 Venable St
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