400 N Inglewood, Russellville, AR 72801

45 Photos
 
$1,400,000
Active for Sale
 
Listing ID 11363376
Property Type Multi-Unit
County Pope
Township Russellville
School RUSSELLVILLE SCHOOL DISTRICT
Total Tax $7,962
FEMA Flood Map fema.gov/portal
   
Virtual Tour

FOUR SEPARATE BLDGS TOTALING 24 APARTMENTS

24 Doors/Apartments units Total. 12 of the doors are 2 BR 1 &1/2 baths 2-story. 4 doors are 2 BR/1 Bath in 4-Plex #1. 4 doors are 2 BR/1 bath in 4-Plex #2. 4 doors are 2 Br/1 bath in 4-Plex #3. Brick exteriors. New flat roof ($100,000 expense) on the 2 story apartment bldg a couple years ago. Several new water heaters and H&A units replaced over the same period. A few long time tenants 5 - 10 yrs. Rents from $450 - $600 a month. Gross income $136,000 yr. Real Estate Property Taxes $7,962 yr. Insurance $9,010 yr. Prop Management, Lawn Care, Pest control & maint/reno was $52,124 last year. 7% Cap Rate. Seller may consider selling the 2 story apartment bldg with 12 apartments for $720,000 or all three 4-plexes package deal, 12 apartments, for $720,000. Great Tax Deferred Exchange Property. All 4 properties located in Russellville, AR. 13% Vacancy rate last year
Property Details
  • 48 Total Bedrooms
  • 24 Full Baths
  • 12 Half Baths
  • 2 Stories
  • Available 11/12/2024
  • Renovation: Varies, As needed
Interior Features
  • Carpet Flooring
  • Ceramic Tile Flooring
  • Linoleum Flooring
  • Forced Air
Exterior Features
  • Frame Construction
  • Brick Siding
  • Wood Siding
  • Asphalt Shingles Roof
  • Flat Roof
  • Municipal Water
  • Municipal Sewer
  • Near Bus
Taxes and Fees
  • $7,962 Total Tax
  • Tax Year 2023
Listed By
All Star Real Estate
Request More Information
Request Showing
Role Agent Buyer
Your Preferred Date & Time
Showing Type:
Request Cobroke

If you're not a member, fill in the following form to request cobroke participation.

Listing data is deemed reliable but is NOT guaranteed accurate.
Contact Us
Who Would You Like to Contact Today?

I want to contact an agent about this property!

I wish to provide feedback about the website functionality

Contact Agent
Your Name:
Email:
Phone:
Message:
Security: What is 5 plus 5?