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622 S Wright St 4 Unit Apartment Building $460,276 CAD ($115,069 CAD/Unit) Siloam Springs, AR 72761
EXECUTIVE SUMMARY
+/- 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 3bed, 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.
PROPERTY FACTS
| Price | $460,276 CAD | Building Class | B |
| Price Per Unit | $115,069 CAD | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 3,029 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1996 |
| Apartment Style | Single-Family Home |
| Price | $460,276 CAD |
| Price Per Unit | $115,069 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 3,029 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1996 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $976.64 CAD | - |
| 2+1 | 1 | $1,116 CAD | - |
| 3+2 | 1 | $1,535 CAD | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 03-01801-000 | Improvements Assessment | $63,489 CAD |
| Land Assessment | $10,435 CAD | Total Assessment | $73,924 CAD |
PROPERTY TAXES
Parcel Number
03-01801-000
Land Assessment
$10,435 CAD
Improvements Assessment
$63,489 CAD
Total Assessment
$73,924 CAD
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622 S Wright St
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