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Kevin Grooms

kevintgrooms@gmail.com +1(417) 280-6571

$ 199,900

Est. payment | -/mo

2,656 SqFt

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$ 199,900

Est. payment | -/mo

Save

2,656 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartments

Listing Status Active

Purchase Type For Sale

Square Footage 2,656 sqft

Price per Sqft $75

Subdivision Park Place

MLS Listing ID 26033861

Style Traditional

Year Built 1940

Annual Tax Amount $696

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Apartments

Property Description

Unique opportunity to acquire a 10-unit apartment building with significant rental upside and an attractive value-add profile. The property features a unique and efficient unit mix, with 2-bedroom, 1-bath units and eight individual rooms for rent. The property is currently generating $3,045 per month in rental income, while the projected rent roll at full occupancy is approximately $4,840 per month - representing $1,795 per month in additional potential rental income, or approximately $21,540 in annual upside. With multiple units and a diversified tenant mix, the property offers an investor an opportunity to increase cash flow through lease-up and rental-rate optimization. The existing configuration provides a broad range of housing options, from larger 2-bedroom units to more affordable 1-bedroom spaces. Whether you're an experienced multifamily investor, looking for a house hack, or looking to add your first apartment asset to your apartment asset to your portfolio, this property offers a compelling combination of existing income and meaningful upside. Please see the attachments for additional information.

Location

State AR

County Jackson

Area Newport

Zoning RI

Rooms

Kitchen Free-Standing Stove

Interior

Heating Central Cool-Electric, Central Heat-Gas

Flooring Tile, Wood

Equipment Free-Standing Stove

Exterior

Parking Features Parking Pads

Utilities Available Sewer-Public, Water-Public

Roof Type Other (see remarks)

Building

Lot Description Level

Foundation Slab

New Construction No

Listed by Exp Realty • Dustin Turner

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(417) 280-6571

kevintgrooms@gmail.com

PO BOX 92, Thayer, Missouri 65791, USA

1000 Walnut Newport, AR 72112

Kevin Grooms

Key Details

Location

Rooms

Interior

Exterior

Building

Nearby Locations

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1000 Walnut