This Multifamily Property is Off-Market.

920 North Fargo Ave.
Russellville, AR 72801 ·

8 Units · Multifamily For Sale

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Apartments near University

Price N/A Gross Rent Multiplier 8.50
No. Units 8 Occupancy 87%
Building Size 8,760 SF No. Stories 2
Property Type Multifamily Year Built 1972
Property Sub-type Garden/Low-Rise Lot Size 0.25 AC
Property Use Type Investment APN / Parcel ID 754-00137-000C
Commission Split 3% Parking Ratio 1 / 1,000 SF
Cap Rate 9%
Listing ID: 17685732 Date Created: 05/31/2012 Last Updated: 08/06/2012

Description

8-Unit apartment complex in the heart of Russellville. Walking distance to Arkansas Tech University and shopping/dining on Arkansas Ave. Complex consists of (2) 2 bed/2 bath units, (4) 1 bed/1 bath units, one 1 bed/2 bath and one 3 bed/3 bath unit. Scheduled rental income of $3,425/month. Property includes unimproved lot adjacent to apartments.

Just a few blocks south of Arkansas Tech University, in the growing City of Russellville, Arkansas. This apartment building is located in an area with several other apartments, just West of the Highway 7/Arkanasas Avenue business area. Walking distance to Arkansas Tech University.

Highlights

  • Brick Apartment Building
  • 8 Units
  • Walking distance to University
  • Professionally managed
  • Laundry room in each unit
  • Appliances included

Research

920 North Fargo Ave., Russellville, AR 72801 (Pope County)

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