$1,015,000
$1,350,000
24.8%For more information regarding the value of a property, please contact us for a free consultation.
27 Ridge Lane Mayflower, AR 72106
15,424 SqFt
Key Details
Sold Price $1,015,000
Property Type Multi-Family
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 15,424 sqft
Price per Sqft $65
Subdivision Not In List
MLS Listing ID 23029015
Sold Date 12/20/23
Style Traditional
Year Built 1974
Annual Tax Amount $1,868
Lot Size 5.680 Acres
Acres 5.68
Property Description
This is a fantastic 30 unit apartment complex with room to build another building adding even more units. The complex features 8 - 1 bedroom units and 22 - 2 bedroom units. There is also onsite coin operated laundry with provides extra income. The property is only 20 minutes from Little Rock and only 15 minutes from Conway. Both of these cities provide many jobs making this apartment complex conveniently located for any perspective tenants. if you are looking for a value add real estate investment, this is the investment for you. with the potential of building another building this would be a real smart move.
Location
State AR
County Faulkner
Area Mayflower School District Including Pcssd In Faulkner County
Zoning muli res
Rooms
Basement None
Kitchen Free-Standing Stove
Interior
Interior Features Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Washer/Dryer-Comm. Out
Heating Central Cool -Unspecified, Central Heat -Unspecified
Flooring Partial Carpet, Tile, Laminate, Luxury Vinyl
Equipment Free-Standing Stove
Exterior
Exterior Feature Dumpster
Garage Parking Pads, Four Car or More
Utilities Available Septic, Water-Public
Roof Type Architectural Shingle
Building
Lot Description Level, Not in Subdivision, Out of City
Foundation Slab
New Construction No
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Bought with Aclin Realty