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Ivy Hills Apartments 1805 S Y St 15 Unit Apartment Building $1,392,073 CAD ($92,805 CAD/Unit) 6.81% Cap Rate Fort Smith, AR 72901
Executive Summary
Unlock the potential of this prime investment opportunity located in Fort Smith, AR. This well-maintained, 10,144 SF Multifamily / High-Rise property, featuring 15 units, was thoughtfully renovated in 2023 and boasts an impressive 80% occupancy rate. Built in 1985 and zoned RM-3, it presents a solid foundation for investors seeking long-term returns. With its strategic location and strong market demand, this property offers an exceptional portfolio addition. Embrace the potential for lucrative returns and take advantage of this turnkey investment in the thriving Fort Smith area.
https://buildout.com/website/1595913-sale?template_id=5
https://buildout.com/website/1595913-sale?template_id=5
Property Facts
| Price | $1,392,073 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $92,805 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.88 AC |
| Cap Rate | 6.81% | Building Size | 16,543 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.38/1,000 SF |
| Zoning | RM-3 | ||
| Price | $1,392,073 CAD |
| Price Per Unit | $92,805 CAD |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 16,543 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2024 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | RM-3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Walking/Biking Trails
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $943.89 CAD | - |
| 2+1.5 | 3 | $1,080 CAD | - |
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Property Taxes
| Parcel Number | 10214-0019-00073-00 | Improvements Assessment | $110,111 CAD |
| Land Assessment | $21,149 CAD | Total Assessment | $131,261 CAD |
Property Taxes
Parcel Number
10214-0019-00073-00
Land Assessment
$21,149 CAD
Improvements Assessment
$110,111 CAD
Total Assessment
$131,261 CAD
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Ivy Hills Apartments | 1805 S Y St
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