NOT LISTED FOR SALE

400 N Main St Mulberry, AR 72947

-- Bed
-- Bath
14,068 Sq Ft
1.83 Acres

Last Sold September 30, 2024

Last sale price $1,050,000 $75 Per Sq Ft

229 Days on Market

Highlights

  • Property is near a park
  • Double Pane Windows
  • Park
  • Corner Lot
  • Brick or Stone Mason
  • Ceramic Tile Flooring

About This Home

As of September 2024

Calling all Investors! Take advantage of this incredible investment opportunity and check out this 18-unit property! The property consists of fourteen 2 bedroom/1bath units, two 1 bedroom/1bath units, and two commercial units with 2 baths that can be used for business. The property also includes 1.83 acres, two concrete parking spaces per unit, washer and dryer hook ups, and new architectural shingle roofs. The units are all electric, each has its own water meter, and tenants pay for all utilities. Most units have been updated in the past year.

Last Agent to Sell the Property

Clint Avaritt

Ascend Real Estate License #PB00067840 Listed on: 02/13/2024

Last Buyer's Agent

Cassie Elwonger

Keller Williams Platinum Realty License #EB00071700

Keller Williams Platinum Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,038

Year Built

  • Built in 2008

Lot Details

  • 1.83 Acre Lot
  • Corner Lot
  • Cleared Lot
  • 760-00471-000, 760-00472-000, 760-00487-000-C

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 14,068 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Clad Windows
  • Blinds
  • Fire and Smoke Detector
  • Washer and Electric Dryer Hookup

Kitchen

  • Range
  • Built-In Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • Driveway
  • Assigned Parking

Location

  • Property is near a park
  • Property is near schools
  • City Lot

Schools

  • Alma Elementary And Middle School
  • Alma High School

Utilities

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

Listing and Financial Details

  • Legal Lot and Block Pt of 1/ 10 / 7
  • Assessor Parcel Number 750-00032-000-C

Community Details

Overview

  • 18 Units
  • Hicks Addition Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Park

Building Details

  • Gross Income $122,400

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,038

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Reso Property Sub Type: Apartment
  • Prop. Type: Residential
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup, Dryer Hookup
  • ResoLotFeatures: Cleared, Corner Lot, City Lot, Near Park
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: O21014
  • ResoSpecialListingConditions: None
  • Subdivision Name: Hicks Addition
  • Directions: Hwy 64, turn south on Main
  • Carport Y N: No
  • Reso Flooring: Carpet, Ceramic Tile
  • Garage Yn: No
  • Reso Interior Features: Ceiling Fan(s)
  • Unit Levels: One
  • Reso Roof: Architectural, Metal, Shingle
  • ResoWindowFeatures: Double Pane Windows, Vinyl, Blinds
  • Year Built Details: 11-24 Years
  • Year Built: 2008
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Apartment,Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 2008

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Range, Refrigerator, Plumbed For Ice Maker
  • Basement: None
  • Basement YN: No
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Acres: 1.83
  • Disclosures: Covenants/Restrictions Disclosure
  • Construction Type: Brick, Frame, Vinyl Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • HeatingYN: Yes
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Fire Station, Near Schools, Park

Schools

  • Junior High Dist: Alma
  • Ninth Grade High School: Alma
  • Middle Or Junior School: Alma

Lot Info

  • Lot Dimensions: 1.83 acres
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 760-00471-000, 760-00472-000, 760-00487-000-C
  • Parcel #: 750-00032-000-C
  • Zoning Description: Multi Family
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 18
  • Number Of Units Total: 1
  • Annual Gross Income: 122400.0

Tax Info

  • Tax Annual Amount: 7038.0
  • Tax Block: 7
  • Tax Lot: Pt of 1/ 10

MLS Schools

  • Elementary School: Alma

Range of Values:

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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
09/30/2024 09/30/24 Sold $1,050,000 -12.5% $75 / Sq Ft
05/06/2024 05/06/24 Price Changed $1,200,000 -7.7% $85 / Sq Ft
02/13/2024 02/13/24 For Sale $1,300,000 -- $92 / Sq Ft
Source: Western River Valley Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western River Valley Board of REALTORS®

MLS Number: 1070442