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1400 Jacobs Ave 18 Unit Apartment Building $2,112,557 CAD ($117,364 CAD/Unit) Fort Smith, AR 72908
Investment Highlights
- Excellent cash flow opportunity.
Executive Summary
Fantastic investment opportunity with this 18-unit multi-family complex featuring a strong rental history and well-maintained buildings. Building 1 offers 10 spacious 2-bedroom, 1-bath units totaling 8,512 sq. ft. Built in 1987, each unit is equipped with central heat and air, washer/dryer hookups, and refrigerators. Current monthly rental income is $7,050. Building 2, constructed in 2021, adds 8 modern units with high-end finishes. Four units feature 2 bedrooms and 2 baths, while the remaining four are 1-bedroom, 1-bath layouts. These units showcase granite countertops, tile flooring, central heat and air, and washer/dryer hookups. Total building size is 7,408 sq. ft. with a current monthly rent roll of $6,650. Together, this complex combines established cash flow with newer construction for reduced maintenance and long-term value.
Property Facts
| Price | $2,112,557 CAD | Lot Size | 0.85 AC |
| Price Per Unit | $117,364 CAD | Building Size | 15,920 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 2.07/1,000 SF |
| Building Class | C |
| Price | $2,112,557 CAD |
| Price Per Unit | $117,364 CAD |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 15,920 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 2.07/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Eat-in Kitchen
- Refrigerator
- Range
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
| 2+2 | 4 | - | - |
| 1+1 | 4 | - | - |
1 1
Property Taxes
| Parcel Number | 10741-0001-00008-00 | Improvements Assessment | $364,322 CAD |
| Land Assessment | $15,073 CAD | Total Assessment | $379,395 CAD |
Property Taxes
Parcel Number
10741-0001-00008-00
Land Assessment
$15,073 CAD
Improvements Assessment
$364,322 CAD
Total Assessment
$379,395 CAD
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1400 Jacobs Ave
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