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$ 360,000
Est. payment /mo
Under Contract
318 E Purdon Street550 England, AR 72046
16 Beds
8 Baths
4,928 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,928 sqft
Price per Sqft $73
Subdivision Ot England City
MLS Listing ID 25006497
Style Traditional
Bedrooms 16
Year Built 1988
Annual Tax Amount $1,683
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Apartments
Property Description
Capitalize on a rare investment value-add opportunity with this 8-unit apartment complex in a high-demand rental market. Seven units are currently occupied with month to month leases, ensuring a steady income stream right from the start. The eighth unit sets this property apart; it has been freshly painted and newly carpeted, making it move-in ready for immediate leasing or perfect for a more extensive updates to increase rental value further. This complex is an ideal choice for investors looking to enhance their portfolio through strategic upgrades and rent escalations. With strong rental demand and significant room for property improvements, this is a prime opportunity to substantially grow your investment returns. Properties with this level of potential are in short supply and high demand. Contact us today for financial details and to arrange a private tour. Secure this property before it's too late and watch your investment flourish! Agents see remarks!
Location
State AR
County Lonoke
Area England School District
Zoning R-3
Rooms
Kitchen Free-Standing Stove
Interior
Heating Central Cool-Electric, Central Heat-Gas
Flooring Partial Carpet, Vinyl
Equipment Free-Standing Stove
Exterior
Parking Features Parking Pads
Utilities Available Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural
Roof Type Composition
Building
Lot Description Level
Foundation Slab
New Construction No
Listed by Epique Realty • Daniel Rodriguez