622 S Wright St - Apartments FOR SALE


Siloam Springs, AR 72761
$310,000 USD
479-231-1355
622 S Wright St, Siloam Springs, AR for Sale
$310,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

622 S Wright St
Siloam Springs, AR 72761


HIGHLIGHTS

  • Excellent multifamily investment opportunity in Siloam Springs
  • Three out of the four units are currently occupied
  • Current rental rates range from $650 to $1,200/month
  • Convenient access to shopping, schools, and major transportation routes
  • Strong Northwest Arkansas investment opportunity with income potential

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$310,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

4

PRICE/UNIT

$77,500

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

03-01801-000

ASK ABOUT THIS PROPERTY

Ben SalmonsenSalmonsen Group of KW CommercialMore Info
479-231-1355

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Ben SalmonsenSalmonsen Group of KW CommercialMore Info
479-231-1355

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