1103 26Th StArkadelphia, AR 71923

Property Details for 1103 26Th St

Lot size

0.59 AC

Property size (Sq ft)

6,703 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Arkadelphia

County

Clark

State

Arkansas

Latitude

34.1409

Longitude

-93.0796

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