1703 E Market Ave - Apartments FOR SALE


Searcy, AR 72143
$3,925,361 USD
312-624-7087
1703 E Market Ave, Searcy, AR for Sale
$3,925,361 USD
Apartments - FOR SALE
1/7
null | 6% Cap Rate

1703 E Market Ave
Searcy, AR 72143


HIGHLIGHTS

  • 7 Building Portfolio with 54 Units
  • Brick Construction with Off-Street Parking
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the “East Market Street Apartments”, a multi-family investment property located at 1703 East Market Ave in Searcy, AR (the “Property”). The multi-story building contains fifty-four (54) total units comprised of eight (8) 3-Bedroom/1-Bathroom units, thirty-six (36) 2-Bedroom/1-Bathroom units, and ten (10) 1-Bedroom/1-Bathroom units with 45,634 square feet of gross living area in 49,900 square feet of gross area. The Property is situated upon a 6.11-acre parcel and features sixty-two (62) off-street parking spaces. 1703 East Market Avenue is well-positioned along a primary commercial corridor in Searcy, offering strong access to the city’s retail concentrations, employment centers, and surrounding residential neighborhoods. The property benefits from prominent frontage on East Market Avenue (US Route 64), one of Searcy’s main east-west thoroughfares, providing direct connectivity across the city and to nearby regional routes including U.S. Route 67. This strategic location allows for efficient travel throughout White County and convenient access to larger regional hubs such as Little Rock, located approximately 50 miles southwest.

FOR SALE DETAILS

PRICE

$3,925,361 USD

PRICE/SF

$69 USD /SF

# OF UNITS

54

PRICE/UNIT

$72,692

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Market Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.11 AC

LAND SF

266,152 SF

ZONING

-

APN/PARCEL ID

016-10525-000

ASK ABOUT THIS PROPERTY

Caroline KittleHorvath & TremblayMore Info
312-624-7087

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Caroline KittleHorvath & TremblayMore Info
312-624-7087

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