622 S Wright St Active Save Request In-Person Tour Request Virtual Tour
Siloam Springs,AR 72761
Key Details
Property Type Single Family Home, Commercial
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,029 sqft
Price per Sqft $112
Subdivision Cranes Add-Siloam Springs
MLS Listing ID 1298519
Style Traditional
Bedrooms 7
Full Baths 5
Year Built 1996
Annual Tax Amount $2,942
Lot Size 0.280 Acres
Property Sub-Type Single Family Residence
Property Description
+/- 9% cap rate on actual financials! This excellent investment opportunity in Siloam Springs features a +/- 3,029 SF property with four fully occupied rental units. The property includes a mix of unit sizes: two 1-bed, 1-bath units, one 2-bed,1-bath unit, and one 3-bed, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three of the units have contracted leases, while one operates on a month-to-month basis, with rental rates ranging from $600 to $1,100/mo. Each unit's cabinets have recently been replaced. The property does not feature central air, each unit is equipped with a window unit. The property consists of a two-story home and a detached home. Conveniently located just 350 feet from S Mt. Olive St. and only 0.5 miles from US. Highway 412 and Harps Food Stores, this property provides easy access to local amenities and major roadways, making it an attractive option for investors.
Location
State AR
County Benton
Community Cranes Add-Siloam Springs
Interior
Heating Other,Space Heater
Cooling Window Unit(s)
Flooring Carpet,Ceramic Tile,Vinyl
Laundry Washer Hookup,Dryer Hookup
Exterior
Exterior Feature Unpaved Driveway
Fence Partial
Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available
Waterfront Description None
Roof Type Architectural,Shingle
Building
Lot Description Central Business District,Corner Lot,City Lot,Level
Story 2
Foundation Crawlspace,Slab
Water Public
Structure Type Stucco
New Construction No
Schools
School District Siloam Springs
Others
Special Listing Condition None
Virtual Tour https://tour.nwarealtors.org/622-S-Wright-Street-Siloam-Springs-AR-72761/unbranded