Seller's Agent in 2023
Liz Howell
Howell Realty Pros
(501) 230-2667
303 Total Sales
101 S Locust St Searcy, AR 72143
16
Beds
16
Baths
8,568
Sq Ft
0.34
Acres
Highlights
- Traditional Architecture
- Main Floor Primary Bedroom
- Central Heating
- Southwest Middle School Rated A-
- Eat-In Kitchen
- Combination Dining and Living Room
About This Home
As of April 2023A fantastic opportunity for a rental investment located one block from historic downtown Searcy. On the corner of E. Center and S. Locust and only a few blocks from Harding University and Legacy Park, this is very affordable housing. Built in 1980, these sixteen apartments offer one bedroom and bath with a roomy open floor plan of 535 sq. feet. The bedroom area is large enough for two beds or bunk beds. Current monthly rental income is $7,175 with a 94% occupancy rate. 10 of the apartments have been updated with premium vinyl flooring and paint and are currently leased for $550 per month. 6 apartments are currently rented for $400 and have not been remodeled. Management has notified current tenants of the increase in rent to $550 per month. Located across the street, Slader's Alaskan Dumpling Co. offers the perfect place to experience urban living and dining. Walk to The Soda Jerk for coffee and ice cream, Burrito Day has excellent Mexican food, and The Boutique has fudge and gourmet food items. Many other amenities include living close to Spring Park which has a walking trail, Searcy Library, more shopping and events like “Get Down, Downtown", "Beats and Eats" and Farmers Market.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,890
Year Built
- Built in 1980
Lot Details
- 0.34
Parking
- Parking Pad
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Architectural Shingle Roof
Interior Spaces
- 8,568 Sq Ft Home
- 2-Story Property
- Sheet Rock Walls or Ceilings
- Combination Dining and Living Room
- Vinyl Flooring
Kitchen
- Eat-In Kitchen
- Stove
Bedrooms and Bathrooms
- 16 Bedrooms
- Primary Bedroom on Main
- 16 Full Bathrooms
Utilities
- Window Unit Cooling System
- Central Heating
- Window Unit Heating System
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/14/2023 04/14/23 | Sold | $700,000 | -12.5% | $82 / Sq Ft |
| 02/02/2023 02/02/23 | Pending | -- | -- | -- |
| 01/25/2023 01/25/23 | For Sale | $800,000 | -- | $93 / Sq Ft |
Source: Cooperative Arkansas REALTORS® MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,890 | $46,550 | $4,440 | $42,110 |
| 2024 | $1,890 | $46,550 | $4,440 | $42,110 |
| 2023 | $1,890 | $46,550 | $4,440 | $42,110 |
| 2022 | $1,890 | $46,550 | $4,440 | $42,110 |
| 2021 | $1,890 | $46,550 | $4,440 | $42,110 |
| 2020 | $2,170 | $53,440 | $4,440 | $49,000 |
| 2019 | $2,170 | $53,440 | $4,440 | $49,000 |
| 2018 | $2,170 | $53,440 | $4,440 | $49,000 |
| 2017 | $2,137 | $53,440 | $4,440 | $49,000 |
| 2016 | $2,137 | $52,630 | $4,440 | $48,190 |
| 2015 | $1,943 | $47,850 | $3,400 | $44,450 |
| 2014 | $1,943 | $47,850 | $3,400 | $44,450 |
Source: Public Records
Agents Affiliated with this Home
-
Liz Howell
Map
Source: Cooperative Arkansas REALTORS® MLS
MLS Number: 23002638
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