207 B St | Paragould, AR 72450
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207 B St
Paragould, AR 72450
Clearview Apartments · Multifamily Property For Sale
·
29 Units
INVESTMENT HIGHLIGHTS
- - Current ownership remodeled 5 units with new floors, dry wall, paint, and cabinets
- - Current ownership has spent $300k - $400k on renovations
- - Ownership was able to achieve new move-in rents above market highs on 2 BD units
- - New ownership, based upon area rent comps, can raise rents up to $144 / unit
- - All units feature window A/C units, of which 80% were replaced in the last 2 years
- - Paragould market is projected to have 2.6% effective rent growth over the next 4 years
PROPERTY FACTS
| No. Units | 29 | Lot Size | 3.36 AC |
| Property Type | Multifamily | Building Size | 22,800 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | B | Year Built | 1985 |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.36 AC |
| Building Size | 22,800 SF |
| Average Occupancy | 94% |
| No. Stories | 1 |
| Year Built | 1985 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $613.00 | 700 |
| 2+1 | 25 | $663.00 | 800 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $171,820 | |
| Land Assessment | $21,550 | Total Assessment | $193,370 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$21,550
Improvements Assessment
$171,820
Total Assessment
$193,370
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