96 School ST
Property Description
Rarely does a multi-family package of this caliber and consistency become available in the River Valley. This high-performing portfolio in Charleston, AR, features 11 meticulously maintained units across four duplexes and one triplex. Every unit in the portfolio commands a strong market rent of $1,295/month, providing a stable Gross Annual Income of $170,940 The Assets: 4 Duplexes (8 - 1,000 sq/ft Units): Modern construction built in 2021, spacious layouts, and high tenant retention. 1 Triplex (3- 1,000/sq/fr Units): Centrally located and upon completion (2026) are expected to fill immediately at $1,395 per unit. Expansion Potential: The sale includes 2 build-ready lots that the developer will start building (2) 1,000/sqft cottages on in 2027 plus a third lot capable of housing an additional 4 units (2 duplexes). This allows the savvy investor to scale the portfolio immediately using existing infrastructure. This is a turnkey operation from day one. The owner currently provides water and high-speed internet, a strategy that has secured a 100% occupancy rate and a waitlist of prospective tenants. Charleston's growing demand for quality housing and its top-tier school district make this a "legacy" asset for any portfolio. Whether you are looking for stable cash flow or a strategic "buy and build" project, this package offers the best of both worlds. Financials and rent rolls are available upon request to qualified buyers. Owner finance available. Builder will complete the planned turn key additional units at a cost of $140/ft.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,999,999 |
| No. of Units: | 11 |
| Year Built: | 2021 |
| Lot Size: | 11,000.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $181,818 |
| Property Website | Click Here |
| Number of Bedrooms: | 25 |
| Number of Bathrooms: | 0 |
ID: 3yd-FSBORAR-1091576
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