$1,100,000
SOLD OCT 5, 2018

1104 E Race Ave Searcy, AR 72143

-- Bed
-- Bath
43,739 Sq Ft
2.23 Acres

Recently Sold

$25 Per Sq Ft

12% Below List Price

32 Days on Market

Highlights

  • Traditional Architecture
  • Brick Flooring
  • Level Lot
  • Southwest Middle School Rated A-
  • Forced Air Zoned Heating and Cooling System

About This Home

As of October 2018

62 units across the street from Harding University . The complex is made of 4 building built at different times. There is 51 two bedroom unit ,9 one bedroom unit and 2 3 bedroom ( 2 bed with office)units. There is 7+/- units with washer and dryers and a unit that is a laundry mate that is in need of some work but is great potential income. The units range from great condition with granite to studded walls only. The is covered parking on 23 units . As of 7/1/2018 there is 27 occupied units.

Last Agent to Sell the Property

Stuart Greer

RE/MAX Advantage Listed on: 07/20/2018

RE/MAX Advantage

Last Buyer's Agent

Tracie Thompson

Crye*Leike Champion Group

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,962

Year Built

  • Built in 1962

Lot Details

  • 2.23 Acre Lot
  • Level Lot

Parking

  • Carport

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Metal Siding

Interior Spaces

  • 43,739 Sq Ft Home
  • 2-Story Property
  • Electric Range

Flooring

  • Brick
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Space Heater
  • Heat Pump System
  • Co-Op Electric

Community Details

  • 62 Units

Listing and Financial Details

  • Foreclosure

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,962

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Foreclosure REO: Yes
  • Inside City Limits: Yes
  • LVT Date: 07/20/2018
  • Price Per Sq Ft: 25.15
  • Road Surface: Paved
  • Type: Apartments
  • Zoning: c
  • Source Of Sq Ft: Courthouse
  • Estimated Year Built: 1962
  • Special Features: 1028
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Floors: Brick, Partial Carpet, Tile, Vinyl, Laminate
  • Foundation: Slab
  • Stories: Two Story
  • Kitchen Equipment: Electric Range

Exterior Features

  • Exterior: Brick, Frame, Rock & Frame, Metal/Vinyl Siding
  • Roof: Architectural Shingle

Garage/Parking

  • Garage/Parking: Carport

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Co-Op
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Electric, Space Heater-Electric, Heat Pump, Zoned Units

Lot Info

  • Estimated Lot Size: 2.23
  • Estimated Lot Size: 2.23
  • Lot: Level
  • Geo Subdivision: AR

Multi Family

  • Tenant Expenses: Cable, Electric
  • Maximum Rent One Bedroom: 375
  • Maximum Rent Three Bedroom: 400
  • Maximum Rent Two Bedroom: 450
  • Minimum Rent One Bedroom: 375
  • Minimum Rent Three Bedroom: 400
  • Minimum Rent Two Bedroom: 375
  • Number Of One Bathroom Unitss: 62
  • Number Of One Bedroom Units: 9
  • Number Of Three Bedroom Units: 2
  • Number Of Two Bedroom Units: 51
  • Number Units: 62

Tax Info

  • Annual Taxes: 6962

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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
06/01/2024 06/01/24 Rented $9,000 0.0% --
06/01/2024 06/01/24 Under Contract -- -- --
05/18/2024 05/18/24 For Rent $9,000 +15.4% --
03/24/2024 03/24/24 Rented $7,800 0.0% --
03/20/2024 03/20/24 Under Contract -- -- --
03/01/2024 03/01/24 For Rent $7,800 0.0% --
10/05/2018 10/05/18 Sold $1,100,000 -12.0% $25 / Sq Ft
08/21/2018 08/21/18 Pending -- -- --
07/20/2018 07/20/18 For Sale $1,250,000 -- $29 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 18023213

Cooperative Arkansas REALTORS® MLS