Tyler Garden Apartments 1839 Tyler St 19 Unit Apartment Building $2,300,000 ($121,053/Unit) Conway, AR 72032
EXECUTIVE SUMMARY
19-unit multifamily complex offered for sale within close proximity to Hendrix College, The Village at Hendrix and downtown Conway.
Extremely spacious units: 950 SF - 2-bedroom units and 900 SF - 1-bedroom units.
17 of the 19 units have been remodeled with low maintenance wood look tile and matching paint (highlighted on RR).
Property updates include a new roof in 2021, new exterior columns, and renovated corridors with new doors, paint, flooring, and lighting.
Replaced all landscaping with low maintenance rock.
Exterior updates include doors repainted with new numbers, all exterior water shutoffs replaced with ball valves, and all front exterior lighting replaced with LED.
Extremely spacious units: 950 SF - 2-bedroom units and 900 SF - 1-bedroom units.
17 of the 19 units have been remodeled with low maintenance wood look tile and matching paint (highlighted on RR).
Property updates include a new roof in 2021, new exterior columns, and renovated corridors with new doors, paint, flooring, and lighting.
Replaced all landscaping with low maintenance rock.
Exterior updates include doors repainted with new numbers, all exterior water shutoffs replaced with ball valves, and all front exterior lighting replaced with LED.
PROPERTY FACTS
| Price | $2,300,000 |
| Price Per Unit | $121,053 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.42 AC |
| Building Size | 17,617 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1999 |
| Parking Ratio | 2.27/1,000 SF |
| Zoning | R-2 - property zoned for multi family use, 10 units are 2 bed rooms one bath and 9 units are one bed one bath |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 19 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 710-08207-000 | Improvements Assessment | $186,050 |
| Land Assessment | $52,270 | Total Assessment | $238,320 |
