$2,650,000
$50K PRICE DROP

15 Pivot Rock Rd Eureka Springs, AR 72632

Estimated payment $15,710/month

Total Views 8,255
-- Bed
-- Bath
30,872 Sq Ft
$86 Price per Sq Ft

Highlights

  • Scenic Views
  • Porch
  • Luxury Vinyl Tile Flooring
  • Eureka Springs Elementary School Rated A-
  • Outdoor Storage
  • Central Heating and Cooling System

About This Home

Well, established 27-unit multifamily opportunity in NWA. Property management office and living quarters onsite. Managment is in place. Recently renovated in 2020 with many upgrades. 100% occupied with stable income. Walk out basement area could be finished out for additional apartments. Maintenance workshop area and storage onsite. Located close to the downtown area and near main vein of Eureka Springs.

Listing Agent

Nathan Hutchins

ArkBest Realty, Inc. Listed on: 02/27/2024

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,855

Year Built

  • Built in 1995

Lot Details

  • 2.07 Acre Lot
  • Partially Fenced Property
  • Sloped Lot

Parking

  • Parking Pad

Home Design

  • Combination Foundation
  • Metal Roof

Interior Spaces

  • 30,872 Sq Ft Home
  • 3-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Scenic Vista Views
  • Fire and Smoke Detector
  • Washer Hookup
  • Partially Finished Basement

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Tile

Outdoor Features

  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 27 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,855

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Built To Suit
  • Inside City Limits: Yes
  • LVT Date: 02/27/2024
  • Price Per Sq Ft: 85.84
  • Road Surface: Paved
  • Type: Apartments
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Zoning: Res.
  • Source Of Sq Ft: Tax Records
  • Estimated Year Built: 1995
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1995

Interior Features

  • Basement: Partially Finished
  • Floors: Partial Carpet, Laminate, Luxury Vinyl
  • Foundation: Slab/Crawl Combination
  • Stories: Two Story, Three Story
  • Interior Amenities: Washer Connection, Dryer Connection-Electric, Smoke Detector, Built Ins, Fan - Ceiling, Some Units, Window Treatments
  • Walls: Sheet Rock
  • Ceiling: Sheet Rock
  • Kitchen Equipment: Built-In Stove, Microwave, Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays

Exterior Features

  • Exterior: Brick & Frame Combo
  • Roof: Metal
  • Exterior Features: Partially Fenced, Storage Building, Outside Storage Area, Guttering, Dumpster, Porch

Garage/Parking

  • Garage/Parking: Parking Pads

Utilities

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

Lot Info

  • Estimated Lot Size: 2.07
  • Estimated Lot Size: 00x000
  • Lot: Sloped, Vista View
  • Geo Subdivision: AR

Green Features

  • Energy Features: Insulated Windows, Insulated Doors

Rental Info

  • Lease Type: Monthly

Multi Family

  • Annual Expenses: 67426
  • Tenant Expenses: All Utilities
  • Maximum Rent One Bedroom: 850
  • Maximum Rent Two Bedroom: 1000
  • Minimum Rent One Bedroom: 550
  • Minimum Rent Two Bedroom: 750
  • Number Of One Bathroom Unitss: 3
  • Number Of One Bedroom Units: 3
  • Number Of Two Bathroom Units: 24
  • Number Of Two Bedroom Units: 24
  • Number Units: 27

Tax Info

  • Annual Taxes: 10855

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $253 $5,000 $5,000 $0
2023 $253 $5,000 $5,000 $0
2022 $253 $5,000 $5,000 $0
2021 $407 $8,050 $8,050 $0
2020 $407 $8,050 $8,050 $0
2019 $407 $8,050 $8,050 $0
2018 $407 $8,050 $8,050 $0
2017 $407 $8,050 $8,050 $0
2016 $407 $8,050 $8,050 $0
2014 -- $8,050 $8,050 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Price Changed $2,650,000 -1.9% $86 / Sq Ft
02/27/2024 02/27/24 For Sale $2,700,000 -- $87 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $10,000 First National Title
Deed $25,000 --
Warranty Deed $69,000 --
Source: Public Records

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 24006447

Cooperative Arkansas REALTORS® MLS

APN: 925-00045-007