For Sale
$1,650,000

621 Williams AveCarlisle, AR 72024

Arkansas Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 23-unit apartment building in Carlisle, Arkansas, presents a compelling investment opportunity. Built in 2001, this two-story complex boasts 22,068 square feet on a 1.03-acre lot, offering 2 parking spaces per unit. All 23 units are currently occupied, featuring two bedrooms and two bathrooms, complete with refrigerator, washer, and dryer. Four units are handicap accessible (two wheelchair accessible). A shared common area with a living space, kitchen, and restroom enhances tenant convenience. The property includes several covered patios and is ideally situated within walking distance of the park, downtown, banks, shopping, and the library, and just eight blocks from an elementary school and grocery store. Recent improvements include a new roof (summer 2022) and 11 new HVAC units. Water is paid by the owner. Each unit measures 899 square feet. The asking price is $1,650,000, representing a price per square foot of $74.77. This well-maintained property offers quiet living and a strong potential for return on investment. Twelve units are located on the upper floor.

Highlights

  • $1,650,000 asking price for this 23-unit apartment building.
  • 22,068 square feet, offering a price per square foot of $74.77.
  • Located at 621 N Williams Avenue, Carlisle, AR 72024.
  • Built in 2001, this two-story building sits on a 1.03-acre lot.
  • Features 23 units, each with 2 parking spaces, including 4 handicap-accessible units.

Property Details for 621 Williams Ave

Property type
Apartment buildings
Square Feet
22,068 SF
Year Built
2001
Stories
2
Lot Size (sq. ft)
44,867 SF
Units
23

Location Insight

City
Carlisle
County
Lonoke
State
Arkansas
Latitude
34.7883902
Longitude
-91.7480101
621 Williams Ave, Carlisle, Arkansas

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621 Williams Ave
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