101 S Locust St Searcy, AR 72143
Estimated payment $5,033/month
Highlights
- Traditional Architecture
- Corner Lot
- Vinyl Flooring
- Southwest Middle School Rated A-
About This Home
Great opportunity to get into the rental business one block from downtown and a few blocks from Harding University. Affordable housing built in 1980. 16-one bedroom apartments with approx. 535 per sq. ft. in each unit. some updates inside and out. rents range from $450.00 to $625.00 per month based on the remodeling.Total currently income is $8825 per month and the property is 100% occupied. Agents see private remarks for expenses.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $1,890
Year Built
- Built in 1980
Lot Details
- 14,810 Sq Ft Lot
- Corner Lot
- Level Lot
Parking
- Parking Pad
Home Design
- Traditional Architecture
- Flat Roof Shape
- Slab Foundation
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- 8,568 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
- Stove
Utilities
- Window Unit Cooling System
- Window Unit Heating System
Community Details
- 16 Units
Map
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/20/2026 04/20/26 | For Sale | $899,000 | +28.4% | $105 / Sq Ft | |
| 04/14/2023 04/14/23 | Sold | $700,000 | -12.5% | $82 / Sq Ft | View Prior Sale |
| 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
MLS Number: 26015714
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Ask me questions while you tour the home.