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1501-1503 Main St 5 Unit Apartment Building $449,000 ($89,800/Unit) North Little Rock, AR 72114
INVESTMENT HIGHLIGHTS
- 1501 Main Street is a fully renovated fourplex; all units are short-term rentals
- Located 1.1 miles from Simmons Bank Arena
- Near Dickey-Stephens Park, the Argenta Contemporary Theatre, and local bars, restaurants, and entertainment venues
- 1503 Main Street is fully renovated and operating as a short-term rental
- A few blocks north of the Historic Argenta Arts District
EXECUTIVE SUMMARY
1501 Main Street is a fully renovated fourplex; all units are short-term rentals
1503 Main Street is fully renovated and operating as a short-term rental
Located 1.1 miles from Simmons Bank Arena and a few blocks north of the Historic Argenta Arts District, which is home to Dickey-Stephens Park, the Argenta Contemporary Theatre, and local bars, restaurants, and entertainment venues
Convenient proximity to I-40 (1.5 miles) and I-30 (0.4 miles)
1503 Main Street is fully renovated and operating as a short-term rental
Located 1.1 miles from Simmons Bank Arena and a few blocks north of the Historic Argenta Arts District, which is home to Dickey-Stephens Park, the Argenta Contemporary Theatre, and local bars, restaurants, and entertainment venues
Convenient proximity to I-40 (1.5 miles) and I-30 (0.4 miles)
PROPERTY FACTS
| Price | $449,000 | Apartment Style | Low-Rise |
| Price Per Unit | $89,800 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.42 AC |
| No. Units | 5 | Building Size | 10,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1944/2018 |
| Price | $449,000 |
| Price Per Unit | $89,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.42 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1944/2018 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 33N-211-00-278-00 | Improvements Assessment | $50,413 |
| Land Assessment | $11,107 | Total Assessment | $61,520 |
PROPERTY TAXES
Parcel Number
33N-211-00-278-00
Land Assessment
$11,107
Improvements Assessment
$50,413
Total Assessment
$61,520
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1501-1503 Main St
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