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22123012
22123035

622 S Wright St, Siloam Springs, AR 72761

TS
AR EB00066512, MO 2021001585
KW Commercial Fayetteville, AR
Listed by KW Commercial Fayetteville, AR
$310,000
457 days on market
Updated 15 days ago

622 Wright St Quadplex

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 3,029
Units 4
Occupancy 75%
Pro-Forma Cap Rate 9.74%
Class C
Year Built 1996
Buildings 1
Stories 2

Multifamily | 4 Units

Marketing description

Excellent investment opportunity in Siloam Springs featuring +/- 3,029 SF across four rental units with strong income potential. The property includes two 1-bedroom, 1-bath units, one 2-bedroom, 1-bath unit, and one 3-bedroom, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three units are currently occupied, with one lease secured through October 1 and two operating month-to-month, while one unit is currently vacant, creating additional upside potential. Current rental rates range from $650 to $1,200/mo. Recent improvements include updated cabinetry in each unit. While the property does not feature central HVAC, all units are equipped with window air conditioning units. The property consists of a two-story residence and a detached home, offering a flexible layout for tenants. Conveniently located just 350' from S Mt. Olive and approx. 0.5 miles from US Hwy-412, the property offers convenient access to shopping, schools, and major transportation, making it an attractive Northwest Arkansas investment opportunity.

Investment highlights

Excellent multifamily investment opportunity in Siloam Springs

Three of the four units are currently occupied

Current rental rates range from $650 to $1,200/month

Updated cabinetry in each unit

Flexible layout suitable for a variety of tenant needs

Convenient access to shopping, schools, and major transportation routes

Strong Northwest Arkansas investment opportunity with income potential

Listing Contacts

TS
AR EB00066512, MO 2021001585
KW Commercial Fayetteville, AR
Listed by KW Commercial Fayetteville, AR

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