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Listing ID1211109
Price$1,400,000$700K
StatusPending
SqFt 20,429
Acres 2
CountyWashington
SubdivisionFayetteville Outlots
Year Built1968
Property TypeResidential
Property Sub TypeApartment
Great opportunity with built in equity for the right buyer. This property offers 4 buildings on 2 acres with 50 units. Zoned RMF-24 and has open space in the front of the lot for possible future development. All units were leased, consistent high occupancy rate, approx 29K gross monthly income. Property flooded on 5/5/2022 with the heavy rains so tenants have been moved out and demo is almost complete to remediate water damage. Currently being offered As-Is before seller completes renovations. This is a chance to get a huge equity position by handling the renovations and this property will be back to generating massive cash flow. Drywall has been removed, as well as trim or cabinets as needed. This is a great opportunity to return to the original condition or even upgrade to increase cash flow. Don't wait!
© 2022 Northwest Arkansas BOR MLS (NABORMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NABORMLS. Real estate listings held by IDX Brokerage firms other than Ward Jones Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. Listing courtesy of Keller Williams Market Pro Realty. Data last updated: Monday, June 27th, 2022 at 03:13:52 PM.

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