For Sale
For Sale
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Year Built
2003
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Total Building Size
13,960 RSF
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Overview
Located between 4th Ave. / 701 & 9th Ave. Cates Bay Road in Conway Amazing multifamily investment opportunity;10% Cap rate with unlimited potential! Sale includes 5 duplex buildings totaling 10 rentable units. 100% occupancy rate, long term leases in place; most leases are 5-year terms with total monthly income of $7,900, rental rate increases in place; very low operating expenses. Units have been updated and rent very quickly when a rare vacancy occurs. All units are 3 bedrooms, 2/2.5 bath units. Priced well below the July 2017 appraisal. Don’t miss your opportunity to own this income producing property; won’t last long! File # 2061
Property Details
Located between 4th Ave. / 701 & 9th Ave. Cates Bay Road in Conway Amazing multifamily investment opportunity;10% Cap rate with unlimited potential! Sale includes 5 duplex buildings totaling 10 rentable units. 100% occupancy rate, long term leases in place; most leases are 5-year terms with total monthly income of $7,900, rental rate increases in place; very low operating expenses. Units have been updated and rent very quickly when a rare vacancy occurs. All units are 3 bedrooms, 2/2.5 bath units. Priced well below the July 2017 appraisal. Don’t miss your opportunity to own this income producing property; won’t last long! File # 2061
- Property TypeMulti-Family
- Year Built2003
- Sale Price$780,000
- Total Building Size13,960RSF
- Total Acres0.93
- Sale StatusAvailable
- Property ID1980082
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