803 N Clay | Magnolia, AR 71753
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- LoopNet Team
803 N Clay
Magnolia, AR 71753
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Potential to implement a value-add rehab program and increase rents; Property has not received comprehensive interior upgrades since 2012.
- Potential to implement more aggressive rent increases; current Ownership has managed with the intent of maintaining high occupancy.
- Less than 2 miles east of Southern Arkansas University (SAU), the city’s largest economic driver with ~5,100 students.
- Ability to add community amenities such as a sports court, playground, dog run, covered parking, and more.
- Within close proximity to Magnolia’s primary retail corridor, including Wal-Mart Supercenter and numerous restaurants and service providers.
- Approximately 1 mile from Magnolia Regional Medical Center, a major local employer and the area’s primary healthcare provider.
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.62 AC |
| Property Type | Multifamily | Building Size | 6,720 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1983/2012 |
| Building Class | B |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.62 AC |
| Building Size | 6,720 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2012 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 9 | - | - |
PROPERTY TAXES
| Parcel Number | 01-01853-00000 | Improvements Assessment | $38,474 |
| Land Assessment | $5,400 | Total Assessment | $43,874 |
PROPERTY TAXES
Parcel Number
01-01853-00000
Land Assessment
$5,400
Improvements Assessment
$38,474
Total Assessment
$43,874
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