124 S College St | Mountain Home, AR 72653
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124 S College St
Mountain Home, AR 72653
College Manor Apartments · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- 2022 units are equipped with stainless steel appliances, wood cabinets, white stone counter tops, and in-unit washer/dryers
- New ownership, based on area rent comps, can achieve a higher annual NOI of $262,874
- Mountain Home is the county seat of Baxter County and is known for its natural beauty and vibrant landscapes
- 1985 units are equipped with stainless-steel appliances, wood cabinets and countertops, and on-site coin operated laundry machine
- New ownership has an opportunity to increase property income through the implementation of a Ratio Utility Billings system
- Mountain Home has seen an average year-over-year rent growth of 1.0%, with a 1.9% vacancy rate
PROPERTY FACTS
| No. Units | 32 | Lot Size | 2.67 AC |
| Property Type | Multifamily | Building Size | 28,580 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Townhome | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1985/2022 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 2.67 AC |
| Building Size | 28,580 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1985/2022 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $574.00 | 400 - 560 |
| 2+1 | 10 | $682.00 | 760 |
| 2+2 | 16 | $1,213 | 847 - 1,054 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $316,260 | |
| Land Assessment | $27,350 | Total Assessment | $343,610 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$27,350
Improvements Assessment
$316,260
Total Assessment
$343,610
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