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11048 Orpha Rd 4 Unit Apartment Building $680,000 ($170,000/Unit) 7.94% Cap Rate Farmington, AR 72730
Investment Highlights
- Large wooded lot at the end of the street
- Fully renovated income producing multi family
- Owner Occupied Unit
Executive Summary
What a great opportunity for live in investment. 4300 sqft with 4 units! 7 beds and 6 baths can easily be converted back to a singular home or keep as multiple units. Completely updated in the last couple of years. Each unit has independent: HVAC, laundry hookups, appliances, Ozark Go fiber, and Cox Cable. Each unit has a deck or porch, there is a storage unit and a functional 2 car garage. Located in between Farmington and Prairie Grove, off Hwy 62 on a private dead end drive. Prairie Grove and Farmington are host to restaurants, shopping, flea markets, a water park, city parks, and 20mins to the University of Arkansas. Please do not disturb tenants, one unit available now for owner occupation. Lease details available.
Property Facts
| Price | $680,000 | Property Subtype | Apartment |
| Price Per Unit | $170,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.20 AC |
| Cap Rate | 7.94% | Building Size | 4,300 SF |
| Gross Rent Multiplier | 12.5 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1975/2023 |
| Zoning | R-2 | ||
| Price | $680,000 |
| Price Per Unit | $170,000 |
| Sale Type | Investment |
| Cap Rate | 7.94% |
| Gross Rent Multiplier | 12.5 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 4,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2023 |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Wi-Fi
- Yard
- Deck
- Garden
- Lawn
- Mother-in-law Unit
- Vinyl Flooring
- Workshop
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Picnic Area
- Gas Range
- Individual Locking Bedrooms
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Property Taxes
| Parcel Number | 805-20334-480 | Improvements Assessment | $76,030 |
| Land Assessment | $11,000 | Total Assessment | $87,030 |
Property Taxes
Parcel Number
805-20334-480
Land Assessment
$11,000
Improvements Assessment
$76,030
Total Assessment
$87,030
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11048 Orpha Rd
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