400 N Inglewood, Russellville, AR 72801
$1,400,000
Active for Sale
| Listing ID |
11363376 |
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| Property Type |
Multi-Unit |
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| County |
Pope |
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| Township |
Russellville |
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| School |
RUSSELLVILLE SCHOOL DISTRICT |
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| Total Tax |
$7,962 |
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| FEMA Flood Map |
fema.gov/portal |
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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
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- 48 Total Bedrooms
- 24 Full Baths
- 12 Half Baths
- 2 Stories
- Available 11/12/2024
- Renovation: Varies, As needed
- Carpet Flooring
- Ceramic Tile Flooring
- Linoleum Flooring
- Forced Air
- Frame Construction
- Brick Siding
- Wood Siding
- Asphalt Shingles Roof
- Flat Roof
- Municipal Water
- Municipal Sewer
- Near Bus
- $7,962 Total Tax
- Tax Year 2023
Listing data is deemed reliable but is NOT guaranteed accurate.
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