1003 Main St., Apt.'s. 1-8, Arkadelphia, AR 71923

FOR SALE
  • $129,500
  • reduced $30,000 on 12/ 6/2016
  • 2+ Years on site
  • Est: $480/month
  • Mortgage Center
  • Beds: 10
  • Baths: 8 Full
  • Single Family Home
  • 6,280 sq ft
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Description

NEWLY REDUCED from $157,500. to $129,500.! What an OPPORTUNITY for Investors! 8-UNIT APARTMENT BUILDING located in DOWNTOWN Arkadelphia --- on the Southwest corner of Main Street & South 10th Street. This 8-PLEX is 5 Blocks South of Henderson State University's campus -and- only 1 to 6 Blocks West of shopping, restaurants/eating establishments, banking, various services, the City Library, churches, physical fitness gym(s), & more! Living on Main Street --- within walking distance of everything 'downtown' can be SO MUCH FUN! Measuring approx. 6,280 SQ. FT., total --- this 2-story APARTMENT BUILDING features 8 separate, 1-Bedroom or 2-Bedroom apartments --- with 4 APT. units being on the main-level and 4 additional APT. units being on the upper-level! Each, separate APT. features an ENTRY HALL, a LIVING/DINING combination, a KITCHEN with range, refrigerator, & cabinetry with sink. There's also a short hallway leading to the HALL BATH and the BEDROOM(S). Each apartment is slightly different BECAUSE this multi-family structure was built 'as an 8-UNIT APARTMENT BUILDING in the late 1940's -and- there has been a multitude of tenants (and Owners) as the years have gone by. However, with that being said, the ATMOSPHERE & THE INTEGRITY of this building, overall --- BOTH the exterior and the interior (atmosphere & integrity) are still there! IF THESE WALLS COULD TALK! Each of the 8-unit's UTILITIES ARE METERED INDIVIDUALLY. Each apartment is responsible for its own utility bills! Each of the 8 APT.'s has their very own individual, NEWER CH/A SYSTEM and their very own individual, NEWER ELECTRICAL BREAKER BOX, and their very own individual, HOT WATER TANK! Each apartment RENTS/LEASES for between $300. to $350. PER MONTH -and- the TENANTS/LESSEES PAY THEIR OWN UTILITIES (per apartment unit). Approx. $2,500+- gross income per month (when fully occupied & when all rents are 'paid') BEFORE any repair expense, management expense, or County Property Tax, or any Landlord Property (all perils) Insurance is taken out. CALL TODAY and schedule an appointment to view this Multi-Family, 8-UNIT, APARTMENT BUILDING. Please allow us 2 or 3 days to schedule appointments (to view) in advance, due to their being several tenants. Call REEDER REALTY at 870-246-2406 & ask for Wes Reeder 870-210-1020. See this INVESTMENT PROPERTY'S 17-photo Visual Tour at www. ezmls. com (Listing ID: R63675) and then CALL US to view some -or- all of the 8 individual, 1-BR or 2-BR, 1-BA apartments! Click here to learn more about this listing.

  • MLS ID# R63675
  • Year Built: 1948
  • 2+ Years on site
  • Single Family Home
  • Beds: 10
  • Baths: 8 Full

Listing Details

Living Room
Yes
Appliances
Range, Refrigerator
Flooring
Carpeted, Vinyl, Wood
Parking
Garage
Roof
Shingle Roof
Features
Brick Exterior, Patio
Tax Amount
$1,876
Cooling
Central Air, Central Cooling
Heating
Furnace Heat

Local Info

Population
17,930
Median Household Income
$40,653
Median Years In Residence
8
Median Homeowner Age
32
Households with Children
42.45%
Percent of Homes Rented
33.09%

Nearby Elementary Schools

233 N 11th St
1609 Pine St
1900 Walnut St

Nearby Middle Schools

1305 Caddo St
880 Old Military Rd
258 Schoolhouse Rd

Nearby High Schools

401 High School Rd
880 Old Military Rd
258 Schoolhouse Rd

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Mortgage Rates

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Property Contact Info

Listing Provided By: Reeder Realty
(870) 246-2406
Listing Agent: Wes Reeder

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