NOT LISTED FOR SALE

311 and 313 E Thurman St Unit 1-5 Prairie Grove, AR 72753

-- Bed
-- Bath
15,108 Sq Ft
0.86 Acres

Last Sold November 04, 2021

Last sale price $1,425,000 $94 Per Sq Ft

48 Days on Market

Highlights

  • 0.86 Acre Lot
  • No HOA
  • Double Pane Windows
  • Property is near a park
  • 1 Car Attached Garage
  • Patio

About This Home

As of November 2021

Fantastic Investment Property in the heart of Prairie Grove. These two 5-plex townhouses are fully occupied and in GREAT condition. There are 8 units that are 2-story, 3 bed, 2.5 bath, single car garage. All 3 beds and 2 full baths are upstairs with the kitchen, living room, half bath, and laundry room downstairs. There are 2 units that are single story, 3 bed, 2 bath, single car garage. Each of those units have a small private patio at the end of the buildings. Large community back yard with plenty of space to play.

Last Agent to Sell the Property

Keith Purifoy

Pure Homes Real Estate License #PB00076974 Listed on: 08/17/2021

Last Buyer's Agent

Leah Childress

Elevation Real Estate and Management License #EB00079804

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,244

Year Built

  • Built in 2014

Lot Details

  • 0.86 Acre Lot
  • Privacy Fence
  • Wood Fence
  • Back Yard Fenced
  • Chain Link Fence

Home Design

  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 15,108 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Location

  • Property is near a park
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 3 / 4

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Wt Neals Add Subdivision

Recreation

  • Park

Building Details

  • Operating Expense $14,425
  • Gross Income $124,572
  • Net Operating Income $110,147

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,244

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.86
  • Road Frontage Type: Public Road, Shared
  • Road Surface Type: Paved
  • Subdivision Name: Wt Neals Add
  • Directions: I49, exit 62 west onto Hwy 62 / MLK Blvd, Right on Sundowner Rd, straight through 4-way stop, right on E Thurman St, townhouse are on the left.
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale (less than 25 years old)
  • Year Built: 2014
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Multi Family,Other
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 2014

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Basement YN: No
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl Plank, Plank, Vinyl
  • Living Area: 15108.0
  • Window Features: Double Pane Windows, Vinyl
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Back Yard, Chain Link, Privacy, Wood
  • Lot Features: City Lot, Near Park, Subdivision
  • Construction Type: Brick, Vinyl Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Parking Features: Attached, Garage, One Space, Garage Door Opener

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Fire Station, Near Schools, Park
  • Association: No

Schools

  • Junior High Dist: Prairie Grove

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 10
  • Number Of Units Total: 10
  • Annual Gross Income: 124572.0
  • Property Net Operating Income: 110147.0
  • Annual Operating Expense: 14425.0

Tax Info

  • Tax Annual Amount: 10244.0
  • Tax Block: 4
  • Tax Lot: 3

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
11/04/2021 11/04/21 Sold $1,425,000 -10.7% $94 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $1,595,000 -- $106 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Keith Purifoy

    Seller's Agent in 2021

    Keith Purifoy

    Pure Homes Real Estate

    (479) 841-5717

    22 in this area

    57 Total Sales

    Keith Purifoy
    Section Image
  • Leah Childress

    Buyer's Agent in 2021

    Leah Childress

    Elevation Real Estate and Management

    (479) 466-2029

    2 in this area

    485 Total Sales

    Leah Childress
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1194413

Northwest Arkansas Board of REALTORS®
Arkansas Washington County Prairie Grove 72753

311 and 313 E Thurman St Unit 1-5, Prairie Grove, AR

Not Listed for Sale

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