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14881741
14881742

195 Co Rd 137, Corning, AR 72422

KS
AR SA00085269
Halsey Real Estate
Listed by Halsey Real Estate
$988,888
851 days on market
Updated 117 days ago

Westwood Acres Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,632
Units 20
Price per SqFt $103
Buildings 3
Acreage 1.500

Great Investment Opportunity! 20 Units with solid income stream and room for value add

Marketing description

20-doors! Three all brick buildings on +/-1.5 acres. Take a look at this investment opportunity offering not only a solid income stream but also the potential for expansion. Positioned near the future I-57 interstate, this complex is convenient for commuters, enhancing its desirability and long-term value. All 20 apartments were upgraded with new mini-split heating and air units in 2024, offering tenants comfort and energy efficiency. Additional revenue income from on-site coin-operated laundry. Room for value add and rate improvements. An additional +/- 1.0 acre with approximately 240 ft of highway frontage is available to purchase providing an excellent opportunity for further development, allowing you to capitalize on the demand for additional rental units or other business ventures.

Investment highlights

20 doors

New mini-splits HVACs in all units

Gross income potential ~$134,700

NOI ~$111,385

All brick

Near future I-57

Additional income from coin laundry

+/- 1.5 acres with additional acre available

Potential rent improvement

Listing Contacts

KS
AR SA00085269
Halsey Real Estate
Listed by Halsey Real Estate

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