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Q St. 1621 S Q St 4 Unit Apartment Building $480,000 ($120,000/Unit) 5.80% Cap Rate Fort Smith, AR 72901



Investment Highlights
- Newer built 4 unit multfamily
- Durable finished that support low maintenance and high rental demand
- Tenant Paid Utilities
Executive Summary
This duplex bundle presents the opportunity to acquire a newer-built four-unit asset in Fort Smith. The property consists of two duplex buildings totaling four units, each featuring a 2 bed 2 bath layout with modern interior finishes. The property benefits from tenant-paid utilities, separate water meters, and durable finishes that support low maintenance and stable rental demand. Currently fully occupied.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $480,000 | Building Class | B |
| Price Per Unit | $120,000 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| Cap Rate | 5.80% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment |
| Price | $480,000 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2022 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $955.00 | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 10214-0008-00031-00 | Total Assessment | $102,187 |
| Land Assessment | $8,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $94,187 | Tax Year | 2025 |
Property Taxes
Parcel Number
10214-0008-00031-00
Land Assessment
$8,000
Improvements Assessment
$94,187
Total Assessment
$102,187
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Q St. | 1621 S Q St
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