$2,300,000

Estimated payment $15,003/month

Total Views 15,569
-- Bed
-- Bath
17,617 Sq Ft
$131 Price per Sq Ft

Highlights

  • 2 Acre Lot
  • Traditional Architecture
  • Central Heating and Cooling System
  • Conway Junior High School Rated A-
  • 1-Story Property
  • Level Lot

About This Home

Financials available upon request from the listing agent. This 19-unit multifamily complex is offered for sale in a prime location near Hendrix College, The Village at Hendrix, and downtown Conway. Seventeen of the nineteen units have been updated with durable, low-maintenance wood-look tile flooring and coordinated interior paint. The property has seen significant improvements, including a new roof installed in 2021, updated exterior columns, and fully renovated corridors with new doors, fresh paint, modern flooring, and upgraded lighting. The landscaping has been replaced with low-maintenance rock, enhancing curb appeal while reducing upkeep. Additional exterior updates include freshly painted unit doors with new numbering, upgraded water shutoffs with ball valves, and new energy-efficient LED lighting at all front entrances. The complex is fully occupied and has a history of minimal maintenance requirements, making it an excellent turnkey opportunity for investors seeking reliable, passive income.

Listing Agent

Clint Bailey

Moses Tucker Partners Listed on: 04/22/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1999

Lot Details

  • 2 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 17,617 Sq Ft Home
  • 1-Story Property

Utilities

  • Central Heating and Cooling System

Community Details

  • 19 Units

Property Details

Home Type

Apartment

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 04/22/2025
  • Price Per Sq Ft: 130.56
  • Road Surface: Paved
  • Street Designation: Street
  • Type: Apartments
  • Zoning: Multifamil
  • Estimated Year Built: 1999
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1999

Interior Features

  • Foundation: Slab
  • Stories: One Story

Exterior Features

  • Exterior: Brick
  • Roof: Architectural Shingle

Utilities

  • Heating And Air Cond: Central Cool-Electric, Central Heat-Gas

Lot Info

  • Estimated Lot Size: 2
  • Estimated Lot Size: 87120
  • Lot: Level
  • Geo Subdivision: AR

Rental Info

  • Lease Type: Yearly

Multi Family

  • Number Of One Bedroom Units: 9
  • Number Of Two Bedroom Units: 10
  • Number Units: 19

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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
04/22/2025 04/22/25 For Sale $2,300,000 +43.8% $131 / Sq Ft
10/05/2022 10/05/22 Sold $1,600,000 0.0% $160 / Sq Ft
09/05/2022 09/05/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $1,600,000 +60.0% $160 / Sq Ft
05/22/2019 05/22/19 Sold $1,000,000 -16.7% $57 / Sq Ft
04/16/2019 04/16/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $1,200,000 -- $68 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 25015582

Cooperative Arkansas REALTORS® MLS