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622 S Wright St 4 Unit Apartment Building $329,900 ($82,475/Unit) Siloam Springs, AR 72761
EXECUTIVE SUMMARY
+/- 9% cap rate on actual financials! This excellent investment opportunity in Siloam Springs features a +/- 3,029 SF property with four fully occupied rental units. The property includes a mix of unit sizes: two 1-bed, 1-bath units, one 2-bed,1-bath unit, and one 3bed, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three of the units have contracted leases, while one operates on a month-to-month basis, with rental rates ranging from $600 to $1,100/mo. Each unit's cabinets have recently been replaced. The property does not feature central air, each unit is equipped with a window unit. The property consists of a two-story home and a detached home. Conveniently located just 350 feet from S Mt. Olive St. and only 0.5 miles from US. Highway 412 and Harps Food Stores, this property provides easy access to local amenities and major roadways, making it an attractive option for investors.
PROPERTY FACTS
| Price | $329,900 | Building Class | B |
| Price Per Unit | $82,475 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 3,029 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1996 |
| Apartment Style | Single-Family Home |
| Price | $329,900 |
| Price Per Unit | $82,475 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 3,029 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1996 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $700.00 | - |
| 2+1 | 1 | $800.00 | - |
| 3+2 | 1 | $1,100 | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 03-01801-000 | Improvements Assessment | $45,024 |
| Land Assessment | $7,400 | Total Assessment | $52,424 |
PROPERTY TAXES
Parcel Number
03-01801-000
Land Assessment
$7,400
Improvements Assessment
$45,024
Total Assessment
$52,424
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622 S Wright St
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