86 Hillside Ave
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86 Hillside Ave
13 Unit Apartment Building $1,200,000 ($92,308/Unit) 9.90% Cap Rate Holiday Island, AR 72631
INVESTMENT HIGHLIGHTS
- Cooling Available.
- Cleaners in place.
EXECUTIVE SUMMARY
Turn key property with on site manager and cleaner in place. 13 Units with a vacant lot to expand. Current rents are nearly $9,900 per month. 2 separate 3 story buildings with (6) 1 bedroom units per building. Owner pays water bill. (approx. $350 per month.) Units rent on average for $725 per month. Separate single story 2 bedroom unit that rents for approx. $1200 per month with AirBNB. Laundry room attached to the 2 bedroom unit with 3 washers and 3 dryers. Potential for extra income with paid washer and dryers. new roof, paved parking lot and fresh paint on the exteriors in 2021. Close to Table Rock lake and Holiday Island Marina.
PROPERTY FACTS
| Price | $1,200,000 | Apartment Style | Low Rise |
| Price Per Unit | $92,308 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.66 AC |
| Cap Rate | 9.90% | Building Size | 10,000 SF |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 3.6/1,000 SF |
| Price | $1,200,000 |
| Price Per Unit | $92,308 |
| Sale Type | Investment |
| Cap Rate | 9.90% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.66 AC |
| Building Size | 10,000 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 3.6/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
SITE AMENITIES
- Picnic Area
- Property Manager on Site
- Waterfront
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 550 |
| 2+1 | 2 | - | 850 |
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PROPERTY TAXES
| Parcel Number | 320-03237-000 | Improvements Assessment | $86,400 |
| Land Assessment | $11,250 | Total Assessment | $97,650 |
PROPERTY TAXES
Parcel Number
320-03237-000
Land Assessment
$11,250
Improvements Assessment
$86,400
Total Assessment
$97,650
ZONING
| Zoning Code | Commercial |
| Commercial |
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86 Hillside Ave
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