For Sale
$550,000

1103 26Th St Arkadelphia, AR 71923

7-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 7-unit apartment complex in Arkadelphia, Arkansas, presents a compelling investment opportunity. Situated on a 0.59-acre lot, this property comprises two, two-story buildings totaling 6,703 square feet. Three units have undergone complete renovations in 2024 and command a monthly rent of $950 each, while four partially renovated units rent for $650 per month. Currently boasting 100% occupancy, this property benefits from its proximity to two local universities, ensuring a consistent demand for rental units. The R-3 zoning allows for flexibility in future development or management strategies. The complex offers a blend of immediate income generation from existing tenants and significant potential for increased revenue through further upgrades to the partially renovated units. This turnkey investment is ideal for those seeking a stable, high-return property in a thriving Arkansas market. The property's strong performance and location make it an attractive addition to any investment portfolio. The asking price is $550,000.

Highlights

  • $550,000 asking price for a 7-unit apartment building.
  • Multifamily property with 6,703 square feet.
  • Seven units, two buildings, two stories; renovated in 2024.
  • R-3 zoning on a 0.59-acre lot in Arkadelphia, AR.
  • Broker co-op available.

Property Details for 1103 26Th St

Property type
Apartment buildings
Square Feet
6,703 SF
Year Renovated
2024
Buildings
2
Stories
2
Lot Size (sq. ft)
25,700 SF
Units
7

Location Insight

City
Arkadelphia
County
Clark
State
Arkansas
Latitude
34.140883127564
Longitude
-93.079551609282

FAQs

What type of property is this?
Apartment building - 7-Unit Multifamily Investment
Where is the apartment building located?
The property is located at 1103 26Th St Arkadelphia, AR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: $550,000 asking price for a 7-unit apartment building.; Multifamily property with 6,703 square feet.; Seven units, two buildings, two stories; renovated in 2024.
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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1103 26Th St
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