NOT LISTED FOR SALE

102 Main St NE Gravette, AR 72736

1 Bed
2 Baths
4,404 Sq Ft
1908 Built

Last Sold July 26, 2018

Last sale price $175,000 $40 Per Sq Ft

112 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room
  • Gravette Middle School Rated A-

About This Home

As of July 2018

Retail / Loft building on Main Street in Downtown Gravette, Arkansas. $50,000 cash down yields 8.5% return. Upstairs Loft is approximately 2100 square feet with one bathroom and an open concept floor plan. Perfect to live in or as Creative / Office space. Downstairs tenant pays $1,100 / month. Ten large windows on two sides create a bright and open space for live / work or office space. Edward Jones Corporate just renewed their lease for five years with a five year option, and they are renovating their space. Heating & A/C unit about 18 months old on retail space, and about 8 years old in the Loft. Each space has individual hot water heater, and the roof was replaced in May, 2018. Loft has washer / dryer hook-ups.

Last Agent to Sell the Property

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 03/22/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 2,178 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Interior Spaces

  • 4,404 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,400
  • Insurance Expense $1,654
  • Water Sewer Expense $900
  • New Taxes Expense $1,300
  • Operating Expense $8,206
  • Gross Income $23,400
  • Net Operating Income $15,194

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • CapRate: 8.40
  • Property Attached: No
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 39.74

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 2178.00

Multi Family

  • Electric Expense: 1400.00
  • Gross Income: 23400.00
  • Gross Scheduled Income: 23400.00
  • Insurance Expense: 1654.00
  • Net Operating Income: 15194.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8206.00
  • Rent Control: No
  • Total Expenses: 8206.00

Tax Info

  • New Taxes Expense: 1300.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2018 07/26/18 Sold $175,000 -2.7% $40 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
06/07/2018 06/07/18 Price Changed $179,900 -2.2% $41 / Sq Ft
05/18/2018 05/18/18 Price Changed $184,000 -3.2% $42 / Sq Ft
03/22/2018 03/22/18 For Sale $190,000 0.0% $43 / Sq Ft
11/01/2012 11/01/12 Rented $900 0.0% --
10/02/2012 10/02/12 Under Contract -- -- --
07/13/2012 07/13/12 For Rent $900 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Guy Torelli

    Torelli Investment Realty

  • N

    Buyer's Agent in 2018

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,891 Total Sales

    NoEmail NoEmail
    Section Image

  • C

    Seller's Agent in 2012

    Christy Green

    Green Heart Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP18066467

California Regional Multiple Listing Service (CRMLS)
Arkansas Benton County Gravette 72736

102 Main St NE, Gravette, AR

This home is located at 102 Main St NE, Gravette, AR 72736 since 22 March 2018. This property was built in 1908. 102 Main St NE is a home located in Benton County with nearby schools including Glenn Duffy Elementary School, Gravette Upper Elementary School, and Gravette Middle School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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