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101 S Locust Street Searcy, AR 72143
8,568 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 8,568 sqft
Price per Sqft $110
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
16 FULLY OCCUPIED APARTMENTS NEAR HARDING UNIVERSITY – INCOME-PRODUCING INVESTMENT OPPORTUNITY! Located just minutes from Harding University and one block from Downtown Searcy, this established 16-unit multifamily property offers investors immediate rental income in a highly convenient location! The property features 16 one-bedroom, one-bathroom apartments averaging approximately 530 square feet each and is currently 100% OCCUPIED! With scheduled rental income of $8,950 per month ($107,400 annually), this property offers an established income stream from day one. Current rents range from $450 to $625 per month, with recent leases reaching $625, presenting potential for additional rental income as existing leases turn over. Its proximity to Harding University, Downtown Searcy, shopping, dining, and local employers makes this an attractive addition to an investment portfolio. Interested in the numbers? Contact the listing agent for additional financial information, rental details, and investment analysis! See Agent Remarks for additional information.
Location
State AR
County White
Area Searcy
Zoning Commerical
Rooms
Kitchen Electric Range, Refrigerator-Stays
Interior
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
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