$1,900,000
3.56± Acres
New Listing
Pope County, AR

1400 Ithaca, Russellville, Arkansas

MLS ID: 24015705
Status: New Listing
Price: $1,900,000
Acres: 3.56±
Type: Apartment Building, Apartment
Address: 1400 Ithaca
City, State: Russellville, AR
County: Pope County
ZIP Code: 72801

Description

Note these are government subsidized units and you have 2 rental incomes the current one with subsidy & the other completed by the appraiser indicating what rent income might be at market. All offers will be contingent upon the Sellers obtaining a satisfactory release from USDA Rural Development. This may take from 4 to 6 months which is unknown until forms are received from USDA.

48 Units (24) 1 bedroom (24) 2 bedroom units located on more than 3 acres in Russellville, Many updates along the their well constructed life including some metal roofs, carpet, appliances, HVAC units, etc. Approximately 5% vacancy and central location make a great way to diversify your portfolio. On-site laundry room with coin operated machines and office that has storage and a file room plus a 1/2 bath. Please see details in documents.

Carey Ann Markum

Carey Ann Markum

Cave City, Arkansas

(870) 283-2538

Interested? Contact Us Today About This Listing

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Listed By: Tony Moore of Moore And Company Realtors - Conway - (479) 968-3300