508 S Cherry
Mena, AR 71953
MLS #17019195

Multi-Family
  • 24units
$850,000
Est. P&I payment: $3246.42/mo
508 S Cherry, Mena, AR 71953
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Description for 508 S Cherry, Mena, AR 71953
Investment opportunity. 24 (2) bedroom apartment complex. Laundry facility on site. 3 buildings of 8 units each. Creek at the rear of the property. Each unit has a covered patio with a storage closet. Living/Dining combo with galley kitchen. Spacious bath.
MLS #17019195
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My Notes for MLS #17019195

General Features

  • # Units: 24
  • 1BA # of Units: 24
  • 2BR # of Units: 24
  • 2BR Maximum Rent: 500
  • 2BR Minimum Rent: 425
  • Annual Expenses: 44,046
  • Annual Income: 100,394
  • Annual Taxes: 6,842.75
  • Approx Acreage: 1.34
  • Approx Bldg. SQFT: 9,504
  • Approx Lot Size: 285' x 255'
  • Approx Year Built: 1979
  • Area: MENA
  • CEILING: Sheet Rock
  • City: Mena
  • Class: Multi-Family
  • County: Polk
  • Elementary School: Mena
  • EXPENSES INCLUDE: Taxes,​Insurance,​Maint./Lawn Care,​Utilities,​Management,​Trash,​Electric,​Water/Sewer,​Pest Control
  • EXTERIOR: Brick & Frame Combo
  • FINANCING (NEW): New Loan-Conventional,​Cash
  • FLOORS: Partial Carpet,​Tile,​Vinyl
  • Foreclosure (REO)?: NO
  • FOUNDATION: Slab
  • GARAGE/PARKING: Assigned
  • HEATING AND AIR COND: Central Cool-Electric,​Central Heat-Electric
  • High School: Mena
  • Inside City Limits: Yes
  • KITCHEN EQUIPMENT: Free-Standing Stove,​Electric Range,​Refrigerator-Stays
  • Legal: Lots 20-24 & pt Lot 25 Men-Ark
  • LISTING TYPE: Exclusive Right-To-Sell
  • LOT: Sloped,​Level,​Creek,​In Subdivision
  • Middle School: Mena
  • New Construction?: No
  • POSSESSION: Immediately-With Deed,​At Closing
  • Price Per SQFT: 89.44
  • Price: 850,000
  • ROAD SURFACE: Paved
  • ROOF: Composition
  • Sale/Rent: For Sale
  • Short Sale? (Y/N/U): NO
  • SOURCE OF SQUARE FEET: Courthouse
  • Status Category: Active
  • Status Date: 2017-08-25
  • Status: Active
  • STORIES: Two Story
  • STYLE: Traditional
  • Subdivision: Men-Ark Corp
  • TENANT EXPENSES: Electric,​Cable
  • Type: Apartments
  • UTILITIES: Sewer-Public,​Water-Public,​Electric-Municipal
  • WALLS: Sheet Rock
  • WARRANTY: As-Is,​ Prsnt Cnd at Clsng
  • WATERFRONT: Creek
  • Will Subdivide: No
  • Zoning: CI

Location

 
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Directions to 508 S Cherry, Mena, AR 71953
On Cherry Street between Hornbeck & Pine
The listing information for 508 S Cherry, 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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Last Updated 04/25/2018 at 11:58pm
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