$975,000
$975,000
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400 carter Lake City, AR 72437
14,706 SqFt
Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 14,706 sqft
Price per Sqft $66
Subdivision Cobb & Lee
MLS Listing ID 19014553
Sold Date 07/21/20
Style Bungalow/Cottage,Ranch
Year Built 2016
Annual Tax Amount $6,259
Tax Year 2018
Lot Size 1.500 Acres
Acres 1.5
Property Description
Great Investment opportunity in Lake City Arkansas . These are 3-5 year old brick construction apartments. All of the units are within a few blocks of each other for ease of service and management. There are 2 triplex units located on Hwy 18 and James streets that offer 2 bedroom and 2 full baths. A Triplex on Prairie which offers 2 bedrooms with 2 full baths in each unit. A duplex on Prairie with the same 2 bedroom 2 full bath amenities per unit and has a Condo style home attached to the back that offers 3 bedrooms and 2 full baths. Over 2 blocks to Tupelo street you will find a duplex with the 2 bedroom 2 full bath set up and behind facing Maumelle street a stand alone 3 bedroom 2 full bath Condo style home. Great locations, VERY GOOD occupancy rates . The units are producing a 7 plus CAP rate. New properties offering good cash flow the day of close without the hassles of building.
Location
State AR
County Craighead
Area Craighead County
Zoning residentia
Rooms
Basement None
Kitchen Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Interior
Interior Features Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Closet - Walk In, Fan - Ceiling
Heating Central Cool-Electric, Central Heat-Gas
Flooring Concrete
Equipment Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Exterior
Exterior Feature Brick
Garage Four Car or More, Parking Pads
Utilities Available Electric-Co-op, Gas-Natural, Sewer-Public, TV-Cable, Water-Public
Waterfront Description Other/See Remarks
Roof Type Composition
Building
Lot Description Level
Foundation Slab
New Construction No
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Bought with Crye-Leike Realtors Jonesboro