NOT LISTED FOR SALE

1201 - 1207 Backus Ave Springdale, AR 72764

-- Bed
-- Bath
14,960 Sq Ft
1.16 Acre Lot

Sale Details

Date Sold: June 12, 2020

Last sale price $858,610 $57 Per Sq Ft

19 Days on Market

Highlights

  • Double Pane Windows
  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Hunt Elementary School Rated A
  • Shops
  • Level Lot

About This Home

As of June 2020

3 apartment buildings. 24 total units, (16-1 bedroom/1 bath units and 8-2 bedroom/1 bath units). Tenants pay all utilities except trash. Property is sold AS-IS and no SPD. Do not disturb tenants. Property in need of renovation. Currently operating with approx 12% return as is.

Last Agent to Sell the Property

Somer Adams

Lindsey & Assoc Inc Branch License #EB00058486 Listed on: 04/23/2020

Lindsey & Assoc Inc Branch

Last Buyer's Agent

Mockingbird Team

Mockingbird Real Estate Group

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,959

Year Built

  • Built in 1982

Lot Details

  • 1.16 Acre Lot
  • Level Lot

Home Design

  • Fixer Upper
  • Brick Exterior Construction
  • Slab Foundation
  • Masonite

Interior Spaces

  • 14,960 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Kitchen

  • Electric Cooktop
  • Disposal

Flooring

  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Parking Lot

Location

  • City Lot

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available

Listing and Financial Details

  • Tax Lot 10 W1/2 NE

Community Details

Overview

  • 24 Units
  • 35 18 30 County Court Plat Subdivision

Amenities

  • Shops

Building Details

  • Operating Expense $17,000
  • Gross Income $120,000
  • Net Operating Income $103,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,959

Year Built

Built in 1982

Lot Details

1.16 Acres

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential
  • Lot Size Acres: 1.16
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: 35-18-30 County Court Plat
  • Directions: From intersection of Hwy 71B & Backus Ave in Springdale / W on Backus Ave, approx 3 blocks / Apartment complex is on south side.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 25 Years or older
  • Year Built: 1982
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Apartment,Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1982

Interior Features

  • Appliances: Dryer, Electric Cooktop, Electric Range, Electric Water Heater, Disposal, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: None
  • Living Area: 14960.0
  • Window Features: Double Pane Windows, Metal
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Lot Features: City Lot, Level
  • Waterfront Features: None
  • Construction Type: Brick, Masonite
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: None
  • Property Condition: Fixer
  • Roof: Other, See Remarks

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Other
  • Heating Yn: Yes
  • Utilities: Electricity Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Shopping

Schools

  • Junior High Dist: Springdale

Green Features

  • Green Building Verification Type: None

Lot Info

  • Zoning Description: Multi Family
  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 24
  • Number Of Units Total: 24
  • Annual Gross Income: 120000.0
  • Property Net Operating Income: 103000.0
  • Annual Operating Expense: 17000.0

Tax Info

  • Tax Annual Amount: 7959.0
  • Tax Block: .
  • Tax Lot: 10 W1/2 NE
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
06/12/2020 06/12/20 Sold $858,610 +0.6% $57 / Sq Ft
05/13/2020 05/13/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $853,610 -- $57 / Sq Ft
Source: ArkansasOne MLS

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 $14,710 $284,520 $51,280 $233,240
2024 $14,755 $285,400 $52,160 $233,240
2023 $12,444 $285,400 $52,160 $233,240
2022 $11,313 $214,660 $32,160 $182,500
2021 $11,313 $214,660 $32,160 $182,500
2020 $9,779 $214,660 $32,160 $182,500
2019 $7,959 $151,030 $30,160 $120,870
2018 $7,959 $151,030 $30,160 $120,870
2017 $7,884 $151,030 $30,160 $120,870
2016 $7,884 $151,030 $30,160 $120,870
2015 $7,884 $151,030 $30,160 $120,870
2014 $7,662 $146,790 $32,090 $114,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: ArkansasOne MLS

MLS Number: 1145244

ArkansasOne MLS
Your Personal Tour Guide

Ask me questions while you tour the home.