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Ivy Hills Apartments 1805 S Y St 15 Unit Apartment Building $1,025,000 ($68,333/Unit) 6.81% Cap Rate Fort Smith, AR 72901
EXECUTIVE SUMMARY
Unlock the potential of this prime investment opportunity located in Fort Smith, AR. This well-maintained, 10,144 SF Multifamily / High-Rise property, featuring 15 units, was thoughtfully renovated in 2023 and boasts an impressive 80% occupancy rate. Built in 1985 and zoned RM-3, it presents a solid foundation for investors seeking long-term returns. With its strategic location and strong market demand, this property offers an exceptional portfolio addition. Embrace the potential for lucrative returns and take advantage of this turnkey investment in the thriving Fort Smith area.
PROPERTY FACTS
| Price | $1,025,000 | Apartment Style | Low-Rise |
| Price Per Unit | $68,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.88 AC |
| Cap Rate | 6.81% | Building Size | 10,144 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.38/1,000 SF |
| Zoning | RM-3 | ||
| Price | $1,025,000 |
| Price Per Unit | $68,333 |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 10,144 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2024 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | RM-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 10214-0019-00073-00 | Improvements Assessment | $80,516 |
| Land Assessment | $15,465 | Total Assessment | $95,981 |
PROPERTY TAXES
Parcel Number
10214-0019-00073-00
Land Assessment
$15,465
Improvements Assessment
$80,516
Total Assessment
$95,981
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Presented by
Harmon Real Estate Company
Ivy Hills Apartments | 1805 S Y St
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