NOT LISTED FOR SALE

320 & 330 Elmo St Malvern, AR 72104

Studio
-- Bath
9,024 Sq Ft
0.64 Acres

Last Sold December 13, 2023

Last sale price $625,000 $69 Per Sq Ft

49 Days on Market

Highlights

  • Multiple Garages
  • Covered Patio or Porch
  • Central Heating and Cooling System
  • Traditional Architecture
  • Tile Flooring
  • Ceiling Fan

About This Home

As of December 2023

AMAZING INVESTOR OPPORTUNITY!!!! There are 2 buildings each with 6 units per building totaling 12 apartment units total. There are 10 units that are 2 bedroom 1 bath and 2 units that are 3 bedroom 1 bath. All units come with refrigerator and all have a washer & dryer hookups (washer/dryer NOT included) tenant supply their own. Rent includes trash pick up only. Tenants responsible for water and electricity. All the units are full and rented. Roofs replaced in 2019 and 9 of the 12 HVAC units have been replaced. Attached is the most recent list of repairs/replacements for you to review. Please reach out with any questions and I will do my best to get them all answered for you. Square Footage is estimated. Please feel free to measure the buildings yourself for accuracy. Also with these two buildings there is also included in this price Block 5 of the Babcock Addision Subdivision land. Block 5 has nothing on it and is also included in the price for these two buildings. There is no property disclosure. Owner has never lived on the property. SEE AGENT REMARKS!!!!

Last Agent to Sell the Property

Teresa Cogovan

Halsey Real Estate - Benton Listed on: 10/25/2023

Last Buyer's Agent

Christopher Winstead

Century 21 Parker & Scroggins Realty - Benton

Century 21 Parker & Scroggins Realty - Benton

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,632

Year Built

  • Built in 2002

Lot Details

  • 0.64 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 9,024 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Crawl Space
  • Fire and Smoke Detector
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Tile
  • Vinyl

Parking

  • Multiple Garages
  • Parking Pad

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Community Details

  • 12 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,632

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 10/25/2023
  • Road Surface: Paved
  • Street Designation: Street
  • Type: Apartments
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Zoning: Commercial
  • Source Of Sq Ft: Tax Records
  • Estimated Year Built: 2002
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2002

Interior Features

  • Floors: Partial Carpet, Tile, Vinyl, Luxury Vinyl
  • Foundation: Crawl Space, Slab
  • Stories: Two Story
  • Interior Amenities: Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling
  • Walls: Sheet Rock
  • Ceiling: Sheet Rock
  • Kitchen Equipment: Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays

Exterior Features

  • Exterior: Brick, Metal/Vinyl Siding
  • Roof: Composition
  • Exterior Features: Guttering, Patio, Covered, Porch

Garage/Parking

  • Garage/Parking: Parking Pads, Four Car Or More

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Municipal, Tv-Cable, Tv-Satellite Dish, Telephone-Private
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Electric

Lot Info

  • Estimated Lot Size: 28,000
  • Lot: Sloped, Level
  • Geo Subdivision: AR

Rental Info

  • Lease Type: Monthly, Yearly

Multi Family

  • Tenant Expenses: All Utilities, Electric, Water, Sewer, Cable
  • Maximum Rent Three Bedroom: 630
  • Maximum Rent Two Bedroom: 530
  • Minimum Rent Three Bedroom: 600
  • Minimum Rent Two Bedroom: 500
  • Number Of Three Bedroom Units: 2
  • Number Of Two Bedroom Units: 10
  • Number Units: 12

Tax Info

  • Annual Taxes: 4632.09
  • Year: 2022

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2023 12/13/23 Sold $625,000 -30.2% $69 / Sq Ft
10/25/2023 10/25/23 For Sale $895,900 -- $99 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 23034359

Cooperative Arkansas REALTORS® MLS