401 S Morrow
Mena, AR 71953
MLS #17016343

Multi-Family
  • 24units
$850,000
Est. P&I payment: $3246.42/mo
401 S Morrow, Mena, AR 71953
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Description for 401 S Morrow, Mena, AR 71953
Tanglewood Apartments is located on 1.45 Acres, 12-2 Bedroom/1 Bath Units in Bldg A, 792+/- SF; 12-2 Bedroom/1 Bath Units in Bldg B, 900 +/- SF. Every 4 Units has a Brick Firewall, Upper Units-Rear Balcony. Front Doors have a covered walkway at each unit. Lower Units-Covered Concrete Patios. Keyed Coin-op Laundry, Rolled Metal Roof, Range, Refrig, D/W & HW Heater each unit. Vision Realty, Management 479-394-1111, Tenant pays Elec. See Information and Data Sheet.
MLS #17016343
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My Notes for MLS #17016343

General Features

  • # Units: 24
  • 1BA # of Units: 24
  • 2BR # of Units: 24
  • 2BR Maximum Rent: 500
  • 2BR Minimum Rent: 400
  • Annual Expenses: 69,766
  • Annual Income: 103,007
  • Annual Taxes: 6,244
  • Approx Acreage: 1.45
  • Approx Bldg. SQFT: 21,096
  • Approx Lot Size: 317.7x252x150x100x165.5x152
  • Approx Year Built: 1979
  • AREA AMENITES: Manager Office
  • Area: MENA
  • BASEMENT: None
  • CEILING: Sheet Rock
  • City: Mena
  • Class: Multi-Family
  • County: Polk
  • Elementary School: Mena
  • EXPENSES INCLUDE: Taxes,​Insurance,​Maint./Lawn Care,​Utilities,​Management,​Trash,​Electric
  • EXTERIOR FEATURES: Guttering,​Dumpster
  • EXTERIOR: Brick
  • FINANCING (NEW): New Loan-Conventional,​Trade or Exchange,​Cash
  • FLOORS: Ceramic,​Partial Carpet,​Tile,​Vinyl,​Wall-to-Wall Carpet
  • Foreclosure (REO)?: NO
  • FOUNDATION: Slab
  • Frequency: Annual
  • GARAGE/PARKING: Assigned
  • HEATING AND AIR COND: Central Cool-Electric,​Central Heat-Electric
  • High School: Mena
  • Inside City Limits: No
  • INTERIOR FEATURES: Hot Water Heater-Electric,​Smoke Detector,​Balcony/Loft,​Window Treatments
  • KITCHEN EQUIPMENT: Free-Standing Stove,​Dishwasher,​Refrigerator-Stays,​Exhaust Fan
  • LEASE TYPE: Semi-Annually
  • Legal: Pt of Lot 14,​ Vineyard Add
  • LISTING TYPE: Exclusive Right-To-Sell
  • LOT: Level,​Corner Lot,​In Subdivision
  • Middle School: Mena
  • Neighborhood: Mena School Campus
  • New Construction?: No
  • Parcel #: 6000-02251-0000
  • POSSESSION: Immediately-With Deed,​Subject to Tenancy
  • Price Per SQFT: 40.29
  • Price: 850,000
  • ROAD SURFACE: Paved
  • ROOF: Metal,​Rolled,​Pitch
  • Sale/Rent: For Sale
  • Short Sale? (Y/N/U): NO
  • SOURCE OF SQUARE FEET: Courthouse
  • Source of Taxes: Courthouse
  • Status Category: Active
  • Status Date: 2017-08-25
  • Status: Active
  • STORIES: Two Story
  • STYLE: Traditional
  • Subdivision: Vineyard
  • Tax Year: 2016
  • TENANT EXPENSES: Electric,​Water,​Sewer,​Cable
  • Termite Company: Terminix
  • Type: Apartments
  • Unit 1 # Bedrooms: 2
  • Unit 1 Apprx SF: 792
  • Unit 1 Baths: 1
  • Unit 1 Rent: 450-500
  • Unit 2 # Bedrooms: 2
  • Unit 2 Apprx SF: 792
  • Unit 2 Baths: 1
  • Unit 2 Rent: 400-500
  • Unit 3 # Bedrooms: 2
  • Unit 3 Apprx SF: 900
  • Unit 3 Baths: 1
  • Unit 3 Rent: 475-500
  • Unit 4 # Bedrooms: 2
  • Unit 4 Apprx SF: 900
  • Unit 4 Baths: 1
  • Unit 4 Rent: 450-500
  • UTILITIES: Sewer-Public,​Water-Public,​Electric-Municipal,​TV-Cable,​Telephone-Private
  • WALLS: Sheet Rock
  • WARRANTY: As-Is,​ Prsnt Cnd at Clsng
  • Will Subdivide: No
  • Zoning: Multifamil

Location

 
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Directions to 401 S Morrow, Mena, AR 71953
Hwy 71N, Right on Morrow St (Hwy 8 East) to 401 S Morrow (Tanglewood Apartments) across from US Post Office in Mena, Polk County, Arkansas. This will be a 1031 Tax Deferred Exchange. Call Vision Realty to prepare the 1031 Tax Deferred Exchange Addendum
The listing information for 401 S Morrow, Mena, AR 71953 was graciously provided by our friends at the listing brokerage, Vision Realty

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P&I Payment $3246.42
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Sandstone Real Estate Group 's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Sandstone Real Estate Group , Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/25/2018 at 11:58pm
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