155 Venable StBooneville, AR 72927

Property Details for 155 Venable St

Year built

1983

Property size (Sq ft)

6,168 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Booneville

County

Logan

State

Arkansas

Latitude

35.1373

Longitude

-93.9237

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