400 carter Lake City, AR 72437-0000
UPDATED:  
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1250000
/mo

-1Bed

-1Bath

-1SqFt

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Key Details

Property Type: Multi-Family

Sub Type: APARTMENTS

Listing Status: Active

Purchase Type: For Sale

MLS Listing ID: 10080449

Style: 1 Story,Ranch,Townhouse

Subdivision: Cobb & Lee

Short Sale: No

Property Description

Great Investment opportunity in Lake City Arkansas . These are 3-5 year old brick construction apartments. All of the units are within a few blocks of each other for ease of service and management. There are 2 triplex units located on Hwy 18 and James streets that offer 2 bedroom and 2 full baths. A Triplex on Prairie which offers 2 bedrooms with 2 full baths in each unit. A duplex on Prairie with the same 2 bedroom 2 full bath amenities per unit and has a Condo style home attached to the back that offers 3 bedrooms and 2 full baths. Over 2 blocks to Tupelo street you will find a duplex with the 2 bedroom 2 full bath set up and behind facing Maumelle street a stand alone 3 bedroom 2 full bath Condo style home. Great locations, VERY GOOD occupancy rates . The units are producing a 7 plus CAP rate. New properties offering good cash flow the day of close without the hassles of building.

Location

State: AR

Area: Lake City

Multi-Unit Info

2 Bedroom Units: 13

3+ Bedroom Units: 2

Interior

Interior Features: Ceiling Fan(s),Smoke Alarm(s)

Laundry: Dryer Hook Up,Washer Hook Up

Heating: Central

Cooling: Central Air

Flooring: Concrete

Exterior

Exterior Feature: Brick

Roof Type: Composition

Building

Lot Description: Level

Sewer: City Sewer

Water: City

Schools

Elementary Schools: Riverside

Middle Schools: Riverside

High Schools: Riverside

Others

Tax Amount: $6,259

Tax Year: 2018

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Listing provided by JEFF WHITLATCH of COLDWELL BANKER/VILLAGE COMMUNITIES

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Nearby School & Properties

School data provided by GreatSchools for your convenience. Please contact schools directly for enrollment eligibility.

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    Eric Burch Burch & Co Real Estate
    Eric Burch

    Broker eb 00061260

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    Eric Burch

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