2
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$995,000
Est. payment /mo
8,568 SqFt
New
101 S Locust Street Searcy, AR 72143
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Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 8,568 sqft
Price per Sqft $116
Subdivision Searcy Original
MLS Listing ID 26037374
Style Traditional
Year Built 1980
Annual Tax Amount $2,000
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Apartments
Property Description
Excellent investment opportunity just one block from Downtown Searcy and only minutes from Harding University! This 16-unit multifamily property features all one-bedroom, one-bath apartments averaging approximately 530 square feet each. The property is currently 100% occupied, with rents ranging from $450 to $625 per month and current scheduled rents totaling $8,950 per month ($107,400 annualized). Recent leases reflect rents as high as $625 per month, offering continued potential as leases turn over. With a convenient location near downtown, Harding University, shopping, dining, and other Searcy amenities, this is a great opportunity to add an established, income-producing multifamily property to your portfolio. See Agent Remarks for additional financial information.
Location
State AR
County White
Area Searcy
Zoning Commerical
Rooms
Kitchen Electric Range, Refrigerator-Stays
Interior
Heating Window Units
Flooring Tile, Vinyl
Equipment Electric Range, Refrigerator-Stays
Exterior
Exterior Feature Partially Fenced
Parking Features Parking Pads
Utilities Available Electric-Municipal, Sewer-Public, Water-Public
Roof Type Architectural Shingle
Building
Lot Description Level, Corner Lot
Foundation Slab
New Construction No
Listed by Howell Realty Pros • Dylan Johnston
NEARBY SCHOOL & BUSINESS
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