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Investor’s Delight: Boarding House with Ten Units in Convenient Location.

Opportunity knocks at 422 S 19th Street, Fort Smith, AR, where a unique boarding house awaits savvy investors. This multi-family property features ten units, all designed as 1-bedroom accommodations, providing affordable and convenient living options for tenants. Strategically located near Northside High School, with close access to Rogers Ave and downtown just a short drive away, this property offers an ideal combination of accessibility and convenience.

Property Details:
Address: 422 S 19th Street, Fort Smith, AR
Unit Count: 10 units (all 1 bedroom)
Property Type: Multi-family (boarding house)
Features: As a boarding house, this property provides essential and affordable housing options for tenants, making it a vital asset in the local rental market. Each unit offers comfortable living spaces, ideal for individuals seeking convenient accommodations near Northside High School and with easy access to major thoroughfares like Rogers Ave. Additionally, downtown Fort Smith is just a short drive away, offering tenants access to a variety of amenities and entertainment options.

Financial Details:
AGI (Annual Gross Income): $30,240
PGI (Potential Gross Income): $55,000

Don’t miss out on this exceptional investment opportunity! With its unique boarding house setup, convenient location, and strong financial performance, 422 S 19th Street presents a lucrative prospect for investors looking to expand their portfolio. Contact us today to seize this opportunity and unlock the potential for significant returns 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: 4/16/24 at 1:00 am

Interior

  • GeneralCeiling Fan(s), Granite Counters, Split Bedrooms, Walk- In Closet(s)
  • AppliancesGas Water Heater
  • LaundryGas Dryer Hookup
  • FlooringCarpet, Ceramic Tile
  • A/Ctrue, Central Air, Electric
  • Heatingtrue, Central, Gas
  • FireplaceLiving Room, Fireplace, Fireplaces: 1
  • Eco/Green FeatureAppliances
  • BasementNone

Exterior

  • PoolNone
  • ParkingOther, No Driveway
  • GeneralConcrete Driveway
  • Other StructuresOutbuilding
  • StyleCabin/ Cottage

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 7 BLK BB, 12763-0007-00302-00
  • FencingNone
  • ViewView
  • TopographyLevel
  • Current UseMedical/ Dental

Utilities

  • UtilitiesElectricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • WaterPublic
  • SewerPublic Sewer

Financial

  • SourceFSM
  • Buyers Agent Compensation2.7
  • ExclusionsSecurity System

Listing History

  • 04/15/2024$180,000 @ $51 per ft²
  • 04/15/2024Active

Schools

  • DistrictFort Smith Public Schools
  • ElementaryBallman
  • MiddleDarby
  • HighNorthside