For Sale
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2200 Washington AveConway, AR 72032

24 Units, 11,842 sq ft, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This 24-unit apartment building, located at 2200 Washington Ave in Conway, Arkansas, offers a compelling investment opportunity. Built in 1970, the property boasts 11,842 square feet on a 0.61-acre lot. The building is part of an 11-property portfolio totaling 224 units, available for sale individually or as a package. Eight units have been fully renovated, featuring black granite counters and stainless-steel appliances. Sixteen additional units are currently under renovation, with completion expected within 60 days. Significant upgrades have been made, including a brand-new roof and HVAC systems installed in 2023. The property's prime location offers easy access to downtown Conway, Hendrix College, and major transportation hubs. This presents a unique chance to acquire a multifamily asset with strong potential for value enhancement and capital appreciation. The property is situated in Faulkner County, Arkansas, with a zip code of 72032. This is a rare opportunity to acquire a well-maintained, updated apartment building in a thriving Arkansas market.

Highlights

  • Excellent walkability to Hendrix College and Conway's downtown area.
  • Eight units boast black granite countertops and stainless steel appliances, fully renovated.
  • Sixteen units are under renovation, slated for completion within 60 days.
  • New roof and HVAC systems installed in 2023.

Property Details for 2200 Washington Ave

Property type
Apartment buildings
Square Feet
11,842 SF
Year Built
1970
Lot Size (sq. ft)
26,572 SF
Units
24

Location Insight

City
Conway
County
Faulkner
State
Arkansas
Latitude
35.10705380741
Longitude
-92.444937766972
2200 Washington Ave, Conway, Arkansas

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2200 Washington Ave
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