NOT LISTED FOR SALE

1706 Powell St Springdale, AR 72764

-- Bed
-- Bath
4,800 Sq Ft
21,344 Sq Ft Lot

Last Sold November 16, 2017

Last sale price $498,000 $104 Per Sq Ft

59 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of November 2017

Fully leased 12 unit 1 bedroom 1 bathroom apartment complex with a 10% cap rate, in downtown Springdale, instant cash flow!

Last Agent to Sell the Property

Chris Vega

Southern Tradition Real Estate, LLC License #EB00076760 Listed on: 08/18/2017

Last Buyer's Agent

Ruby Ball

Lindsey & Assoc Inc Branch License #SA00043222

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,827

Lot Details

  • 0.49 Acre Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • Driveway
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / 1

Community Details

Overview

  • 12 Units
  • Springdale Outlots Subdivision

Building Details

  • Operating Expense $4,853
  • Gross Income $57,000
  • Net Operating Income $52,147

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,827

Lot Details

0.49 Acres

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential
  • Lot Size Acres: 0.49
  • Road Surface Type: Other
  • Subdivision Name: Springdale Outlots
  • Directions: From US 412 head E on East Robinson, towards Fed Ex drive & turn left onto S Powell
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale (less than 25 years old)
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Apartment,Multi Family
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: None
  • Living Area: 4800.0
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: None
  • Lot Features: Not In Subdivision
  • Construction Type: Aluminum Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Lot Info

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

Multi Family

  • Number Of Units In Community: 12
  • Number Of Units Total: 12
  • Annual Gross Income: 57000.0
  • Property Net Operating Income: 52147.0
  • Annual Operating Expense: 4853.0

Tax Info

  • Tax Annual Amount: 2827.0
  • Tax Block: 1
  • Tax Lot: 1
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Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2017 11/16/17 Sold $498,000 0.0% $104 / Sq Ft
10/17/2017 10/17/17 Pending -- -- --
08/18/2017 08/18/17 For Sale $498,000 -- $104 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

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 $6,398 $123,760 $21,340 $102,420
2024 $6,398 $123,760 $21,340 $102,420
2023 $6,522 $123,760 $21,340 $102,420
2022 $3,924 $83,090 $12,810 $70,280
2021 $3,638 $83,090 $12,810 $70,280
2020 $3,353 $83,090 $12,810 $70,280
2019 $2,854 $54,160 $12,810 $41,350
2018 $2,854 $54,160 $12,810 $41,350
2017 $2,827 $54,160 $12,810 $41,350
2016 $2,827 $54,160 $12,810 $41,350
2015 $2,827 $54,160 $12,810 $41,350
2014 $3,357 $64,310 $12,810 $51,500
Source: Public Records

Agents Affiliated with this Home

  • Chris Vega

    Seller's Agent in 2017

    Chris Vega

    Southern Tradition Real Estate, LLC

    (479) 595-5555

    38 Total Sales

    Chris Vega
    Section Image

  • R

    Buyer's Agent in 2017

    Ruby Ball

    Lindsey & Assoc Inc Branch

    (479) 621-1233

    9 Total Sales

    Ruby Ball
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1055964

Northwest Arkansas Board of REALTORS®
Arkansas Washington County Springdale 72764

1706 Powell St, Springdale, AR

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Arkansas Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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