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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
479-434-3000

Date Added: 4/9/24 at 5:00 am
Last Update: 6/4/24 at 4:43 pm

Interior

  • GeneralAttic, Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Storage, Tile Counters
  • AppliancesGas Water Heater
  • LaundryElectric Dryer Hookup, Washer Hookup, Dryer Hookup
  • FlooringCeramic Tile
  • A/Ctrue, Electric
  • Heatingtrue, Electric
  • FireplaceFireplaces: 0
  • Eco/Green FeatureAppliances
  • BasementNone

Exterior

  • PoolNone
  • ParkingParking Lot, On Street, No Driveway
  • GeneralConcrete Driveway, Outbuilding
  • Other StructuresOutbuilding
  • StyleRanch

Construction

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

Location

  • Originating MLSFSM
  • School DistrictFort Smith
  • CountySebastian
  • Road/AccessPaved
  • HOA AmenitiesCommon Areas, Insurance, Maintenance Grounds, Maintenance Structure, Sewer, See Remarks, Trash, $275 Monthly

Lot

  • ZoningLOT 4 BLK 5, 13375-0004-00005-00
  • FencingNone
  • ViewView
  • TopographyLevel
  • Current UseMedical/ Dental

Utilities

  • UtilitiesCable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
  • WaterPublic
  • SewerPublic Sewer

Financial

  • SourceFSM
  • Buyers Agent Compensation2.7
  • ExclusionsSecurity System

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