1608 Cherry St | Conway, AR 72032
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- LoopNet Team
1608 Cherry St
Conway, AR 72032
Multifamily Property For Sale
·
44 Units
INVESTMENT HIGHLIGHTS
- Located just minutes from Downtown Conway
- Situated at the corner of Cherry St and Washington Ave, minutes from downtown Conway and 1.5 miles from Interstate 40.
- Near numerous national retailers: Walmart Supercenter, Lowe’s, KFC, Dairy Queen, and more.
- Convenient proximity to Hendrix College (0.9 miles), Central Baptist College (2.0 miles), and the University of Central Arkansas (2.4 miles).
- $350K in exterior renovations done recently.
- Brand new roof installed in 2023.
PROPERTY FACTS
| No. Units | 44 | Lot Size | 1.82 AC |
| Property Type | Multifamily | Building Size | 38,342 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 2000/2022 |
| Building Class | C | Parking Ratio | 1.04/1,000 SF |
| Zoning | Commercial | ||
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.82 AC |
| Building Size | 38,342 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2000/2022 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 44 | - | 800 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $603,770 | |
| Land Assessment | $68,900 | Total Assessment | $672,670 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$68,900
Improvements Assessment
$603,770
Total Assessment
$672,670
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