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124 S College St
Mountain Home, AR 72653
 Fully Leased Value-Add Renovated Apartments · Multifamily Property For Sale · 33 Units

Apartment Buildings Arkansas Mountain Home 124 S College St, Mountain Home, AR 72653

INVESTMENT HIGHLIGHTS

  • College Manor is a fully leased, 33-unit apartment community offering strong cash flow, stable occupancy, and robust value-add growth potential.
  • Unit mix includes seven one-bed/one-bath, 10 two-bed/one-bath, and 16 two-bed/two-bath units, averaging 775 SF and appealing to a variety of tenants.
  • Located near healthcare, education, and recreation, College Manor is surrounded by top amenities, professional hubs, and natural beauty in the Ozarks.
  • Property was expanded in 2022 with 17 new units featuring new finishes and the remaining 16 units 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

Sale Condition Auction Sale Lot Size 2.67 AC
Type of Ownership Fee Simple Building Size 28,580 SF
No. Units 33 Average Occupancy 100%
Property Type Multifamily No. Stories 2
Property Subtype Apartment Year Built/Renovated 1985/2022
Apartment Style Townhome Parcel Numbers
007-14502-000
  • 007-14503-000
  • 007-14504-000
  • 007-14515-000
  • 007-14515-001
Building Class C
Sale Condition Auction Sale
Type of Ownership Fee Simple
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
Parcel Numbers
007-14502-000
  • 007-14503-000
  • 007-14504-000
  • 007-14515-000
  • 007-14515-001

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
 

  • Listing ID: 36298496

  • Date on Market: 6/18/2025

  • Last Updated:

  • Address: 124 S College St, Mountain Home, AR 72653

The Multifamily Property at 124 S College St, Mountain Home, AR 72653 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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