NOT LISTED FOR SALE
-- Beds
-- Baths
4,800 Sq Ft
0.49 Acre Lot

Sale Details

Date Sold: November 16, 2017

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

59 Days on Market

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

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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,827

Lot Details

  • 21,344 Sq Ft 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

Purchase 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 Buyer Sale Price Title Company
-- --
Springdale Rental Properties Llc $498,000 None Available
Sosa Properties Llc $227,000 Lenders Title Co
Baber Richardson $205,000 Elite Title Company Inc
Baber Richardson $205,000 Elite Title Company Inc
Mathias James I -- --
Mathias James I $14,000 --
Neal Grady E -- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $2,800,000
Previous Owner Springdale Rental Properties Llc $8,340,000
Previous Owner Springdale Rental Properties Llc $423,300
Previous Owner Sosa Properties Llc $192,950
Previous Owner Baber Richardson $157,755
Previous Owner Baber Richardson $164,000
Previous Owner Nathan & Jordan Llc $1,464,087
Previous Owner Powell Apartments Llc $50,186
Source: Public Records

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
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: 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 $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

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Map

Source: ArkansasOne MLS

MLS Number: 1055964

ArkansasOne MLS
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