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403 E 3rd St
Hope, AR 71801
Breckenridge Apartments · Multifamily Property For Sale · 27 Units
PROPERTY FACTS
| No. Units | 27 | Building Size | 15,320 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1955/2018 |
| Building Class | C | Parking Ratio | 2.61/1,000 SF |
| Lot Size | 1.03 AC |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 15,320 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2018 |
| Parking Ratio | 2.61/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- Laundry Facilities
- Picnic Area
- Trash Pickup - Curbside
- Online Services
About 403 E 3rd St , Hope, AR 71801
TURNKEY! Take advantage of this fantastic cash-flowing asset in small town America! Hope Arkansas is a quaint town near the Texas border and 30 minutes from Texarkana. The current owners have made several capital improvements. Half of the units have been remodeled with new flooring, paint, and electric upgrades. All tenants have been converted to a property management software, which means everything is done online and with an app on their cell phone. Everything is done electronically, the marketing, applications, credit reports, leases, move in charges, monthly rent payments, maintenance requests, eviction letters, and move out charges! We were able to reduce property management to 3%. We have several great relationships with our local handyman/showing agent, contractors, section 8, and local social workers. It doesn't get much easier than this!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $700.00 | 635 - 790 |
| 1+1 | 18 | $537.50 | 500 - 580 |
| Studios | 7 | $450.00 | 350 - 425 |
PROPERTY TAXES
| Parcel Number | 700-00310-000-C | Improvements Assessment | $34,980 |
| Land Assessment | $6,690 | Total Assessment | $41,670 |
PROPERTY TAXES
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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