1400 Jacobs Ave - Apartments FOR SALE


Fort Smith, AR 72908- Cavanaugh
$1,550,000 USD
479-459-7156
1400 Jacobs Ave, Fort Smith, AR for Sale
$1,550,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

1400 Jacobs Ave
Fort Smith, AR 72908
Cavanaugh


OVERVIEW

Fantastic investment opportunity with this 18-unit multi-family complex featuring a strong rental history and well-maintained buildings. Building 1 offers 10 spacious 2-bedroom, 1-bath units totaling 8,512 sq. ft. Built in 1987, each unit is equipped with central heat and air, washer/dryer hookups, and refrigerators. Current monthly rental income is $7,050. Building 2, constructed in 2021, adds 8 modern units with high-end finishes. Four units feature 2 bedrooms and 2 baths, while the remaining four are 1-bedroom, 1-bath layouts. These units showcase granite countertops, tile flooring, central heat and air, and washer/dryer hookups. Total building size is 7,408 sq. ft. with a current monthly rent roll of $6,650. Together, this complex combines established cash flow with newer construction for reduced maintenance and long-term value.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

18

PRICE/UNIT

$86,111

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

10741-0001-00008-00

ASK ABOUT THIS PROPERTY

Randy PendergraftKeller Williams Platinum RealtyMore Info
479-459-7156

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Randy PendergraftKeller Williams Platinum RealtyMore Info
479-459-7156

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.