$2,500,000
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29,280 SqFt
SOLD DATE : 12/07/2023
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 29,280 sqft
Price per Sqft $85
Subdivision Warren
MLS Listing ID 23031456
Sold Date 12/07/23
Style Traditional
Year Built 1999
Annual Tax Amount $12,239
Tax Year 2022
Lot Size 5.000 Acres
Acres 5.0
Property Description
Introducing Warren Manor, a prime opportunity for astute real estate investors. This well maintained apartment complex in Warren, Arkansas has 32 units (4 Buildings), each designed for optimal rental income. Located in a high-demand area, Warren Manor offers a secure and lucrative investment option. It has a space within the 5 acre lot to build another apartment building. Rents are currently below market, so with a track record of strong cash flow and potential for long-term appreciation, this property is a valuable addition to any investment portfolio. New Roof (1 Year old), Washer/Dryer hookups in every unit. All Utilities are electric, no gas (Separate meters), Tenant pays all utilities, Playground, Management Office and Manager Apartment, Empty lot for adding another building or an open park, 14 Units have tenants on Section 8, Rents are currently below market, The management has a wait list of potential future tenants. See Agent Remarks
Location
State AR
County Bradley
Area Warren
Zoning R7
Rooms
Kitchen Built-In Stove, Electric Range
Interior
Interior Features Washer Connection, Dryer Connection-Electric
Heating Central Cool -Unspecified, Central Heat -Unspecified
Flooring Vinyl, Laminate
Equipment Built-In Stove, Electric Range
Exterior
Parking Features Parking Pads
Utilities Available Sewer-Public, Water-Public, Electric-Municipal
Roof Type Architectural Shingle
Building
Lot Description Level
Foundation Slab
New Construction No
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