622 S Wright St, Siloam Springs, AR 72761 – 1298519

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clientcare@rivervalleyrealty.com +1(479) 968-6260

$ 339,900

Est. payment | -/mo

7 Beds

5 Baths

3,029 SqFt

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$ 339,900

Est. payment | -/mo

Save Virtual Tour

7 Beds

5 Baths

3,029 SqFt

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

Construction Status 25 Years or older

HOA Y/N No

Year Built 1996

Annual Tax Amount $2,942

Lot Size 0.280 Acres

Acres 0.28

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

Direction Heading West on U-412 W, turn right onto S Mt. Olive St. In 0.5 miles turn left onto W Harvard St. Then turn right onto S Wright St. The property will be on the left.

Rooms

Basement None, Crawl Space

Interior

Interior Features Ceiling Fan(s), None

Heating Other, Space Heater

Cooling Window Unit(s)

Flooring Carpet, Ceramic Tile, Vinyl

Fireplace No

Appliance Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator

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

Street Surface Paved

Porch Covered, Porch

Road Frontage Public Road

Garage No

Building

Lot Description Central Business District, Corner Lot, City Lot, Level

Story 2

Foundation Crawlspace, Slab

Water Public

Architectural Style Traditional

Level or Stories Two

Additional Building Guest House

Structure Type Stucco

New Construction No

Construction Status 25 Years or older

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

Listed by Keller Williams Market Pro Realty Bentonville West

+1(479) 968-6260

clientcare@rivervalleyrealty.com

800 E Main St, Russellville, AR, 72801, United States

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622 S Wright St Siloam Springs, AR 72761