1104 E Race St.
Searcy, AR 72143
MLS #18005334

Multi-Family
  • 62units
$1,980,000
Est. P&I payment: $7562.26/mo
1104 E Race St., Searcy, AR 72143
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Description for 1104 E Race St., Searcy, AR 72143
62 unit apartment complex. Currently has 47 units occupied. 58 2 bedroom units, 2- 3 bedroom units, and 2- 1 bedroom units. New roofs and all new double pane insulated window installed 3 years ago. All located on 2.25 acres +/- across from Harding University.
MLS #18005334
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My Notes for MLS #18005334

General Features

  • # Units: 62
  • 1BR # of Units: 2
  • 1BR Maximum Rent: 375
  • 1BR Minimum Rent: 375
  • 2BR # of Units: 58
  • 2BR Maximum Rent: 400
  • 2BR Minimum Rent: 400
  • 3BR # of Units: 2
  • 3BR Maximum Rent: 450
  • 3BR Minimum Rent: 450
  • Annual Expenses: 72,000
  • Annual Income: 225,600
  • Annual Taxes: 14,000
  • Approx Acreage: 1.31
  • Approx Bldg. SQFT: 43,739
  • Approx Lot Size: Irregular
  • Approx Year Built: 1963
  • Area: SEARCY
  • City: Searcy
  • Class: Multi-Family
  • County: White
  • ENERGY FEATURES: Insulated Windows
  • EXPENSES INCLUDE: Taxes,​Insurance,​Maint./Lawn Care,​Water/Sewer
  • EXTERIOR: Brick
  • FINANCING (NEW): New Loan-Conventional,​Cash
  • FLOORS: Partial Carpet,​Vinyl
  • Foreclosure (REO)?: NO
  • FOUNDATION: Slab
  • GARAGE/PARKING: Assigned
  • HEATING AND AIR COND: Other (see remarks)
  • Inside City Limits: Yes
  • KITCHEN EQUIPMENT: Free-Standing Stove
  • Legal: 11-07-07
  • LISTING TYPE: Exclusive Right-To-Sell
  • LOT: Level,​In Subdivision
  • New Construction?: No
  • POSSESSION: Subject to Tenancy
  • Price Per SQFT: 45.27
  • Price: 1,980,000
  • ROAD SURFACE: Paved
  • ROOF: Composition,​Pitch
  • Sale/Rent: For Sale
  • Short Sale? (Y/N/U): NO
  • SOURCE OF SQUARE FEET: Courthouse
  • Source of Taxes: Estimate
  • Status Category: Active
  • Status Date: 2018-02-28
  • Status: Active
  • STORIES: Two Story
  • STYLE: Traditional
  • Subdivision: Watkins Quarles
  • TENANT EXPENSES: Electric,​Cable
  • Type: Apartments
  • UTILITIES: Sewer-Public,​Water-Public,​Electric-Co-op
  • Will Subdivide: No
  • Zoning: Apartments

Location

 
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1104 E. Race St. Searcy
The listing information for 1104 E Race St., Searcy, AR 72143 was graciously provided by our friends at the listing brokerage, Jeff Carter Real Estate Services, Inc.

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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 04/23/2018 at 4:29am
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