124 S College St | Mountain Home, AR 72653
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- LoopNet Team
124 S College St
Mountain Home, AR 72653
College Manor Apartments · Multifamily Property For Sale
·
33 Units
INVESTMENT HIGHLIGHTS
- College Manor is a fully leased, 33-unit property at 124 S College Street in Mountain Home, AR, offering strong cash flow and stable occupancy.
- Unit mix includes seven one-bed/one-bath, 10 two-bed/one-bath, and 16 two-bed/two-bath units, averaging 775 square feet, appealing to varied tenants.
- Located near healthcare, education, and recreation, College Manor is surrounded by top amenities, professional hubs, and natural beauty in the Ozarks.
- Property expanded in 2022 with 17 new units featuring new finishes and the remaining 16 can be upgraded to command higher rents.
- Value-add potential via new renovations and billing changes with projected $200 to $400 rent increases to boost annualized NOI by approximately 20%.
- Mountain Home’s strong multifamily market had only 2.8% vacancy and 4.9% rent growth YOY in Q4 2024, backed by steady demand from various sectors.
PROPERTY FACTS
| No. Units | 33 | Lot Size | 2.67 AC |
| Property Type | Multifamily | Building Size | 28,580 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Townhome | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1985/2022 |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 2.67 AC |
| Building Size | 28,580 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2022 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 400 - 560 |
| 2+1 | 10 | - | 760 |
| 2+2 | 16 | - | 847 - 1,054 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $316,260 | |
| Land Assessment | $27,350 | Total Assessment | $343,610 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$27,350
Improvements Assessment
$316,260
Total Assessment
$343,610
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