101 S Locust Street

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.

Overview

Property Status

For Sale

Lot Size

0.34 Acres

MLS ID

26037374

Property Type

Multi-Family

Year Built

1980

Are you interested?

Schedule a Tour

Dylan Johnston

501-628-2838 [email protected]

Features & Amenities

Neighborhood

Searcy & Central Arkansas

Architecture Styles

Traditional

Utilities

Sewer-Public, Water-Public, Electric-Municipal

Roof

Architectural Shingle

Lot Features

Level, Corner Lot

Parking

Parking Pads

Air Conditioning

Window Units

Appliances

Electric Range, Refrigerator-Stays

Substructure

Slab

Other Exterior Features

Partially Fenced

Sales Price

$995,000

Real Estate Tax

$2,000/yr

Zoning

Commerical

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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Thank you

for your interest in 101 S Locust Street, Searcy, AR 72143

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