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Prime Investment Opportunity: Multi-Family Units Near Downtown and Howard Elementary
Welcome to 1216 N 5th St, Fort Smith, AR, where a fantastic investment opportunity awaits. This multi-family property comprises five units, each offering comfortable and convenient living spaces for tenants. Strategically located near downtown Fort Smith and in close proximity to Howard Elementary, this property is perfectly positioned to attract tenants seeking accessibility to both urban amenities and educational facilities.
Property Details:
Address: 1216 N 5th St, Fort Smith, AR
Unit Count: 5 units
Unit Breakdown:1 unit: 3 bedrooms, 1 bathroom
2 units: 2 bedrooms, 1 bathroom each
2 units: 1 bedroom, 1 bathroom each
Property Type: Multi-family
Features: This property offers a diverse range of units, including spacious 3-bedroom apartments, comfortable 2-bedroom units, and cozy 1-bedroom options, catering to various tenant needs. Its proximity to downtown Fort Smith ensures easy access to shopping, dining, and entertainment, while its close proximity to Howard Elementary adds appeal for families and students.
Financial Details:
AGI (Annual Gross Income): $24,360
PGI (Potential Gross Income): $49,200
Don’t miss out on this exceptional investment opportunity! With its desirable location and attractive unit mix, 1216 N 5th St presents a lucrative prospect for investors seeking stable returns. Contact us today to capitalize on this prime investment property and secure your place in Fort Smith’s thriving real estate market!

Offered By:Keller Williams Platinum Realty

Date Added: 4/9/24 at 5:00 am
Last Update: 10/9/24 at 6:56 pm

Interior

  • GeneralAttic, Ceiling Fan(s), Eat-in Kitchen, Quartz Counters, Storage
  • AppliancesGas Water Heater
  • LaundryElectric Dryer Hookup
  • FlooringCeramic Tile
  • A/Ctrue, Central Air
  • Heatingtrue, Central
  • FireplaceFireplaces: 0
  • Eco/Green FeatureAppliances
  • BasementUnfinished

Exterior

  • PoolNone
  • ParkingParking Lot, On Street, No Driveway
  • GeneralGravel Driveway
  • StyleColonial
  • Other StructuresStorage, Outbuilding

Construction

  • RoofingArchitectural, Shingle
  • WindowsBlinds
  • GeneralVinyl Siding, 2, Slab

Location

  • Originating MLSFSM
  • School DistrictFort Smith
  • CountySebastian
  • Road/AccessGravel, Paved
  • HOA Amenities0.0

Lot

  • ZoningLOT 4 BLK 5, 13375-0004-00005-00
  • FencingNone
  • Current UseVacant
  • TopographyCleared, Level

Utilities

  • UtilitiesElectricity Available, Sewer Available, Water Available
  • WaterPublic
  • SewerPublic Sewer

Financial

  • SourceFSM
  • ExclusionsNone

Listing History

  • 06/04/2024$155,000 @ $68 per ft² 6.06%
  • 04/15/2024$165,000 @ $72 per ft²
  • 04/15/2024Active

Schools

  • DistrictFort Smith Public Schools