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1015 Lavender Rd 2 Unit Apartment Building $452,600 ($226,300/Unit) Fort Smith, AR 72916
Investment Highlights
- With a proforma rental rate of $1,550 per side, the Cap Rate is 6.00%.
- Newly built duplex.
Executive Summary
Perfectly located off of the main Highway 45 and near Bonanza City Park and Bonanza Wellness Center, this highly desirable duplex fills a housing market need in the Bonanza-south Sebastian County area for quality rental property, perfect for owner-occupy on 1 side. Stylishly constructed with neutral and sustainable finishes, this 3-bedroom, 2-bathroom, 2-car garage offers style, comfort and security as a fresh and clean, newly constructed property which is planned to be completed December 2025. At a proforma rental rate of $1,550 per side, the Cap Rate is 6.00%.
Property Facts
| Price | $452,600 | Building Class | B |
| Price Per Unit | $226,300 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 2,142 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Apartment Style | Single-Family Home |
| Price | $452,600 |
| Price Per Unit | $226,300 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 2,142 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Parking Ratio | 1.87/1,000 SF |
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Property Taxes
| Parcel Number | 63280-0009-00000-00 | Improvements Assessment | $0 |
| Land Assessment | $2,500 | Total Assessment | $2,500 |
Property Taxes
Parcel Number
63280-0009-00000-00
Land Assessment
$2,500
Improvements Assessment
$0
Total Assessment
$2,500
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