$599,000
SOLD SEP 30, 2024

111 E Commerce St Morrilton, AR 72110

-- Bed
-- Bath
13,600 Sq Ft
0.8 Acres

Recently Sold

$44 Per Sq Ft

6 Days on Market

Highlights

  • 0.8 Acre Lot
  • Garage
  • Level Lot
  • Central Heating and Cooling System

About This Home

As of September 2024

8 Unit Apartment Building Consisting of 2 studio apartments, 5 - 2 bed 1 bath, and 1 - 3 bed 2 bath Private Parking Garage

Last Agent to Sell the Property

Andrew Lawson

Arkansas Real Estate Solutions Listed on: 08/16/2024

Last Buyer's Agent

Joy Howell-Rickett

Howell-Rickett Real Estate Professionals, Inc.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,300

Year Built

  • Built in 1932

Lot Details

  • 0.8 Acre Lot
  • Level Lot

Parking

  • Garage

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Stucco Exterior

Interior Spaces

  • 13,600 Sq Ft Home
  • 2-Story Property
  • Stove

Utilities

  • Central Heating and Cooling System

Community Details

  • 8 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,300

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside City Limits: Yes
  • LVT Date: 08/16/2024
  • Price Per Sq Ft: 44.04
  • Road Surface: Paved
  • Type: Apartments
  • Zoning: historic
  • Source Of Sq Ft: Courthouse
  • Estimated Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1932

Interior Features

  • Foundation: Slab
  • Stories: Two Story
  • Kitchen Equipment: Free-Standing Stove

Exterior Features

  • Exterior: Stucco
  • Roof: Flat

Garage/Parking

  • Garage/Parking: Garage

Utilities

  • Utilities: Sewer-Public, Water-Public
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Gas

Lot Info

  • Estimated Lot Size: 0.8
  • Estimated Lot Size: .80
  • Lot: Level
  • Geo Subdivision: AR

Multi Family

  • Annual Expenses: 3500
  • Tenant Expenses: All Utilities
  • Maximum Rent One Bedroom: 900
  • Maximum Rent Three Bedroom: 1100
  • Maximum Rent Two Bedroom: 1000
  • Minimum Rent One Bedroom: 675
  • Minimum Rent Three Bedroom: 1100
  • Minimum Rent Two Bedroom: 750
  • Number Of One Bedroom Units: 2
  • Number Of Three Bedroom Units: 1
  • Number Of Two Bedroom Units: 5
  • Number Units: 8

Tax Info

  • Annual Taxes: 6300

Similar Home in Morrilton, AR

  • 111 E Commerce St, Morrilton, AR 72110

    $699,900

    • Studio
    • 13,600 Sq Ft
    • 111 E Commerce St
    • Morrilton, AR

    Great investment opportunity! 8 unit apartment complex consist of 2 studio apartments, 5 -2 bedroom 1 bath, and 1- 3bedroom 2 bath with a private parking garage and a large extra lot for parking! 24 hour notice for all showings.

    Joy Howell-Rickett Howell-Rickett Real Estate Professionals, Inc.

    Section Image

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
07/15/2025 07/15/25 For Sale $699,900 +16.8% $51 / Sq Ft
09/30/2024 09/30/24 Sold $599,000 0.0% $44 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $599,000 -- $44 / 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: 24029891

Cooperative Arkansas REALTORS® MLS