195 County Road 137, Corning, AR 72422
20 Unit Apartment Building | $995,000 ($49,750/Unit) | 11.19% Cap Rate | Corning, AR 72422
For Sale
Active
Asking Price $995,000
- Property Type
-
Multifamily
- Square Feet
- 9,632 SF
Listing Contacts
- Property Info
Property Overview
20-doors! Three all brick buildings on +/-1.5 acres. Take a look at this investment opportunity offering not only a solid income stream but also the potential for expansion. Positioned near the future I-57 interstate, this complex is convenient for commuters, enhancing its desirability and long-term value. All 20 apartments were upgraded with new mini-split heating and air units in 2024, offering tenants comfort and energy efficiency. Additional revenue income from on-site coin-operated laundry. Room for value add and rate improvements. An additional +/- 1.0 acre with appproxmimatly 240 ft of highway frontage is available to purchase providing an excellent opportunity for further development, allowing you to capitalize on the demand for additional rental units or other business ventures.
Property Details
- Class
- C
- Year Built
- 1967
- Stories
- 1
- Lot Size (sq. ft)
- 65,340 SF
- Units
- 20
Highlights
- 20 Units
- Room to build on additional 1.0 acre lot for purchase
- Potential for rent improvement
- Located near future I-57
- New mini-splits
- Additional coin laundry income
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