NOT LISTED FOR SALE

111,113,115 & 117 E Rock St Fayetteville, AR 72701

Downtown Fayetteville Neighborhood

Estimated Value: $587,000 - $937,069

-- Bed
4 Baths
4,252 Sq Ft
$184/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $499,000 $117 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,604/month

28 Days on Market

Highlights

  • 0.41 Acre Lot
  • Deck
  • No HOA
  • Washington Elementary School Rated 9+
  • Cathedral Ceiling
  • Double Pane Windows

About This Home

As of September 2018

Rare investment opportunity just a few blocks from the Fayetteville Square! Only $125 per square foot! Property consists of 2 duplexes with 4 total units. Each unit is 2 bedroom 2 bathrooms and 1063 sq ft. 1063 sq ft x 4 = 4252 square feet total. Includes kitchen appliances and stacked Washer/Dryer combinations. Ceramic tile kitchens and baths, laminate flooring elsewhere. 2 parking spaces per unit. Each unit has a covered deck and a wooded view. All units leased. Existing rents: $950, $750, $875, $950.

Last Agent to Sell the Property

Steve Beirise

Property Management Ozarks INC License #PB00073979 Listed on: 07/24/2018

Last Buyer's Agent

Steve Beirise

Property Management Ozarks INC License #PB00073979 Listed on: 07/24/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,350

Year Built

  • Built in 2004

Lot Details

  • 0.41

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 4,252 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Fire and Smoke Detector

Flooring

  • Laminate
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Deck
  • 0.41 Acre Lot
  • City Lot

Listing and Financial Details

  • Legal Lot and Block Pt 2 & 3 / 2

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Boles Subdivision

Building Details

  • Operating Expense $10,725
  • Gross Income $42,300
  • Net Operating Income $31,575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,350

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.41
  • Road Surface Type: Paved
  • Subdivision Name: Boles
  • Directions: One block from College Ave.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Resale (less than 25 years old)
  • Year Built: 2004
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Quadruplex,Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1
  • Year Built: 2004

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: None
  • Basement YN: No
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), None
  • Living Area: 4252.0
  • Window Features: Double Pane Windows, Blinds
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Lot Features: City Lot, Not In Subdivision
  • Waterfront Features: None
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Two Spaces

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Fayetteville

Lot Info

  • Additional Parcels Description: Partial Lot 2 & 3 Block 2 Boles Addition
  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 42300.0
  • Property Net Operating Income: 31575.0
  • Annual Operating Expense: 10725.0

Tax Info

  • Tax Annual Amount: 3350.0
  • Tax Block: 2
  • Tax Lot: Pt 2 & 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2011
Sold by
Liberty Bank Of Arkansas
Bought by
Bulldog Rentals Llc
Current Estimated Value
$783,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,500
Interest Rate
5.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 1997
Bought by
Theil Karl L

Purchase Details

Closed on
Dec 1, 1989
Bought by
Mayes Carl L

Purchase Details

Closed on
May 30, 1989
Bought by
Johnson Phillip

Purchase Details

Closed on
Dec 3, 1988
Bought by
Johnson Phillip E

Purchase Details

Closed on
Jun 25, 1988
Bought by
Johnson Phillip E

Purchase Details

Closed on
Nov 15, 1968
Bought by
Carnes Cora M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bulldog Rentals Llc $246,000 Lenders Title Company
Theil Karl L $20,000 --
Mayes Carl L $26,000 --
Johnson Phillip -- --
Johnson Phillip E -- --
Johnson Phillip E $15,000 --
Carnes Cora M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Bulldog Rentals Llc $246,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2018 09/21/18 Sold $499,000 -16.1% $117 / Sq Ft
08/22/2018 08/22/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $595,000 -- $140 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $5,628 $172,860 $42,000 $130,860
2024 $5,186 $172,860 $42,000 $130,860
2023 $4,833 $172,860 $42,000 $130,860
2022 $4,394 $99,060 $28,000 $71,060
2021 $4,056 $99,060 $28,000 $71,060
2020 $3,718 $99,060 $28,000 $71,060
2019 $3,380 $58,320 $4,000 $54,320
2018 $3,380 $58,320 $4,000 $54,320
2017 $3,350 $58,320 $4,000 $54,320
2016 $3,350 $58,320 $4,000 $54,320
2015 $3,193 $58,320 $4,000 $54,320
2014 $3,354 $62,400 $9,000 $53,400
Source: Public Records

Agents Affiliated with this Home

  • Steve Beirise

    Seller's Agent in 2018

    Steve Beirise

    Property Management Ozarks INC

    (479) 466-0321

    2 in this area

    20 Total Sales

    Steve Beirise
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1086252

Northwest Arkansas Board of REALTORS®

APN: 765-02969-000

Arkansas Washington County Fayetteville 72701 Downtown Fayetteville

111,113,115 & 117 E Rock St, Fayetteville, AR

Not Listed for Sale

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