1608 Cherry StConway, AR 72032

Property Details for 1608 Cherry St

Year built

2000

Lot size

1.82 AC

Property size (Sq ft)

38,342 SF

Property type

Apartment buildings

Description

This exceptional 44-unit apartment building, located at 1608 Cherry Street in Conway, Arkansas, presents a compelling investment opportunity. Boasting a substantial 38,342 square feet on a 1.82-acre lot, this property offers significant potential for income generation. Built in 2000, the complex has undergone $500,000 in recent exterior renovations, enhancing its curb appeal and value. A brand new roof was installed in 2023, ensuring long-term structural integrity. All units are equipped with convenient washer/dryer connections, a highly desirable feature for tenants. The property's prime location at the corner of Cherry Street and Washington Avenue provides easy access to downtown Conway and Interstate 40 (1.5 miles away). Its proximity to major educational institutions, including Hendrix College (0.9 miles), Central Baptist College (2.0 miles), and the University of Central Arkansas (2.4 miles), ensures a consistent demand for rental units. Furthermore, the complex benefits from its close proximity to numerous national retailers such as Walmart Supercenter, Lowe's, KFC, and Dairy Queen, offering residents convenient access to shopping and dining options. The asking price for this well-maintained and strategically located multifamily property is $3,000,000. This represents a rare chance to acquire a high-performing asset in a thriving Arkansas market. The property's zip code is 72032.

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.1108

Longitude

-92.4455

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].