101 S Locust Street
Property Description
Excellent investment opportunity just one block from Downtown Searcy and only minutes from Harding University! This 16-unit multifamily property features all one-bedroom, one-bath apartments averaging approximately 530 square feet each. The property is currently 100% occupied, with rents ranging from $450 to $625 per month and current scheduled rents totaling $8,950 per month ($107,400 annualized). Recent leases reflect rents as high as $625 per month, offering continued potential as leases turn over. With a convenient location near downtown, Harding University, shopping, dining, and other Searcy amenities, this is a great opportunity to add an established, income-producing multifamily property to your portfolio. See Agent Remarks for additional financial information.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $995,000 |
| No. of Units: | 16 |
| Year Built: | 1980 |
| Lot Size: | 8,568.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $62,188 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-CARMLS-26037374
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