For Sale
$200,000

717 Sixth StCharleston, AR 72933

Four-unit, 100% occupied, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional multifamily investment property, located at 717 6th St, Charleston, AR 72933, presents a compelling opportunity for savvy investors. The property consists of two well-maintained duplexes, totaling four units, each boasting two bedrooms and one bathroom. Currently operating at 100% occupancy, the property generates a stable income stream with an average monthly rent of $450 per unit. Each unit includes convenient laundry hookups, and residents enjoy small patio areas. The property sits on a sizable lot of approximately 0.25 acres, offering potential for future expansion or development. Classified as a Class C multifamily building, this value-add investment presents significant upside potential through various strategies, including rent increases or property upgrades. The asking price is $200,000, translating to an attractive price per unit of $50,000. This is a rare opportunity to acquire a well-performing, multifamily property in a stable market. The property's strong occupancy rate and potential for increased profitability make it an ideal addition to any investment portfolio. Don't miss this chance to secure a valuable asset in the thriving Charleston, Arkansas market.

Highlights

  • Four-unit multifamily property in Charleston, AR, generating stable income.
  • Two duplexes, each with two bedrooms and one bath, currently 100% occupied.
  • $450 average monthly rent per unit; $200,000 asking price ($50,000 per unit).
  • 0.25-acre lot with potential for expansion; Class C multifamily building.
  • Laundry hookups and small patios in each unit.

Property Details for 717 Sixth St

Property type
Apartment buildings
Class
C
Stories
1
Units
4

Location Insight

City
Charleston
County
Franklin
State
Arkansas
Latitude
35.3016462
Longitude
-94.0352472
717 Sixth St, Charleston, Arkansas

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717 Sixth St
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