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- LoopNet Team
79 County Road 141
Corning, AR 72422
APPLE BLOSSOM APARTMENTS · Multifamily Property For Sale · 4 Units
Executive Summary
*MASSIVE OPPORTUNITY to own a three year new, fully occupied and professionally managed,value added fourplex with a Cap rate of over 9%. Since new ownership has owned the property, rent has been increased by nearly $5000 annually as tenants are now responsible for their own,separately metered, electric. These 2 bed/1 bath units currently rent for $650/unit and have never remained vacant for longer than a week.Demand for quality rental units is extremely high in the Corning/Paragould. A waiting list of available tenants will convey to the new owner. Records are available upon request.Property is sitting on 1 acre of land, so more than enough to room to build/expand.These units are in excellent shape. Every unit has washer/dryer hookup, dishwasher, over range microwave and stove.Easy maintenance because of the stained concrete floors, vinyl siding and metal roof.You Must See This!
PROPERTY FACTS
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
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