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 | 1.35 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 | 1.35 AC |
| Building Size | 22,800 SF |
| Average Occupancy | 94% |
| No. Stories | 1 |
| Year Built | 1985 |
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 Number | 1265-00007-000 | Improvements Assessment | $151,640 |
| Land Assessment | $17,550 | Total Assessment | $169,190 |
PROPERTY TAXES
Parcel Number
1265-00007-000
Land Assessment
$17,550
Improvements Assessment
$151,640
Total Assessment
$169,190
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