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2401 S 50th St 24 Unit Apartment Building $2,200,000 ($91,667/Unit) 6% Cap Rate Fort Smith, AR 72903
EXECUTIVE SUMMARY
This prime multifamily property in Fort Smith, AR, holds significant potential for rental income, thanks to its central location and diverse resident base. With its strategic placement, the property taps into a broad tenant pool, offering convenient access to urban amenities, employment centers, and recreational facilities. The central location provides residents with easy connectivity to key destinations, enhancing the property's appeal and rental potential. The resident base benefits from the property's proximity to retail, dining, and entertainment options, making it an attractive choice for individuals and families seeking a vibrant and convenient living experience.
PROPERTY FACTS
| Price | $2,200,000 | Building Class | C |
| Price Per Unit | $91,667 | Lot Size | 1.80 AC |
| Sale Type | Investment | Building Size | 30,696 SF |
| Cap Rate | 6% | Average Occupancy | 88% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Apartment Style | Townhome |
| Price | $2,200,000 |
| Price Per Unit | $91,667 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 30,696 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2025 |
| Parking Ratio | 2.08/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Walk-In Closets
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | $950.00 | 1,100 |
| 2+1.5 | 12 | $1,100 | 1,441 |
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PROPERTY TAXES
| Parcel Number | 18883-0000-01105-00 | Improvements Assessment | $190,245 |
| Land Assessment | $31,816 | Total Assessment | $222,061 |
PROPERTY TAXES
Parcel Number
18883-0000-01105-00
Land Assessment
$31,816
Improvements Assessment
$190,245
Total Assessment
$222,061
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Presented by
Harmon Real Estate Company
2401 S 50th St
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