NOT LISTED FOR SALE

102 Main St NE Gravette, AR 72736

1 Bed
2 Baths
4,404 Sq Ft
2,178 Sq Ft Lot Lot

Sale Details

Date 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

General NONMEMBER

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

2,178 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,306 $65,986 $1,372 $64,614
2024 $1,577 $65,986 $1,372 $64,614
2023 $1,434 $29,240 $1,370 $27,870
2022 $1,123 $29,240 $1,370 $27,870
2021 $1,068 $29,240 $1,370 $27,870
2020 $980 $26,290 $1,310 $24,980
2019 $980 $26,290 $1,310 $24,980
2018 $1,005 $26,290 $1,310 $24,980
2017 $940 $26,290 $1,310 $24,980
2016 $1,290 $26,290 $1,310 $24,980
2015 $1,257 $25,490 $1,680 $23,810
2014 $1,257 $25,490 $1,680 $23,810
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP18066467

California Regional Multiple Listing Service (CRMLS)
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