NOT LISTED FOR SALE

508 S Cherry St Mena, AR 71953

Studio
-- Bath
9,504 Sq Ft
1.34 Acres

Last Sold September 25, 2024

Last sale price $875,000 $92 Per Sq Ft

1 Day on Market

Highlights

  • 1.34 Acre Lot
  • Traditional Architecture
  • Community Playground
  • Creek On Lot
  • Covered Patio or Porch
  • Picnic Area

About This Home

As of September 2024

Investment opportunity. 24 (2) bedroom apartment complex. Laundry facility on site. 3 buildings of 8 units each, 4 up and 4 down. Creek at rear of property. Each unit has a covered patio with a storage closet. Living/dining combo with a galley kitchen. Each unit offers a range & refrigerator. Spacious bath. each metered for separate electric. which tenant pays. Agents see Associated Docs.

Last Agent to Sell the Property

David Oates

Vision Realty Listed on: 06/17/2024

Co-Listed By

Diana Dugan

Vision Realty

Last Buyer's Agent

Christy Titsworth

United Country Arkansas Properties

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,378

Year Built

  • Built in 1979

Lot Details

  • 1.34 Acre Lot
  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 9,504 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Stove
  • Recirculated Exhaust Fan

Flooring

  • Carpet
  • Tile
  • Vinyl

Outdoor Features

  • Creek On Lot
  • Covered Patio or Porch

Schools

  • Mena Elementary And Middle School
  • Mena High School

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 24 Units
  • Property managed by Vision Realty

Amenities

  • Picnic Area

Recreation

  • Community Playground

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,378

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 06/17/2024
  • Road Surface: Paved
  • Termite Company: Terminix
  • Type: Apartments
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Zoning: C-1
  • Source Of Sq Ft: Courthouse
  • Property Manager: Vision Realty
  • Estimated Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1979

Interior Features

  • Floors: Partial Carpet, Tile, Vinyl
  • Foundation: Slab
  • Stories: Two Story
  • Interior Amenities: Smoke Detector, Fan - Ceiling
  • Walls: Sheet Rock
  • Ceiling: Sheet Rock
  • Kitchen Equipment: Free-Standing Stove, Electric Range, Refrigerator-Stays, Exhaust Fan

Exterior Features

  • Exterior: Brick & Frame Combo
  • Roof: Composition
  • Exterior Features: Dumpster, Covered, Porch

Garage/Parking

  • Garage/Parking: Assigned

Utilities

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

Condo/Co-op/Association

  • Property Manager Phone: 479-394-1111

Lot Info

  • Estimated Lot Size: 1.34
  • Estimated Lot Size: 285' x 255'
  • Lot: Level, Creek, In Subdivision
  • Geo Subdivision: AR

Rental Info

  • Lease Type: Yearly

Multi Family

  • Tenant Expenses: Electric, Cable
  • Maximum Rent Two Bedroom: 550
  • Minimum Rent Two Bedroom: 375
  • Number Of One Bathroom Unitss: 24
  • Number Of Two Bedroom Units: 24
  • Number Units: 24

Tax Info

  • Annual Taxes: 7378

MLS Schools

  • Elementary School: Mena
  • HighSchool: Mena
  • Middle School: Mena
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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
09/25/2024 09/25/24 Sold $875,000 -20.5% $92 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $1,100,000 -- $116 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $7,205 $173,200 $4,740 $168,460
2024 $7,378 $173,200 $4,740 $168,460
2023 $7,046 $173,200 $4,740 $168,460
2022 $6,556 $150,370 $4,740 $145,630
2021 $6,556 $150,370 $4,740 $145,630
2020 $6,737 $150,370 $4,740 $145,630
2019 $6,737 $150,370 $4,740 $145,630
2018 $6,737 $162,960 $4,450 $158,510
2017 $6,818 $152,190 $5,740 $146,450
2016 $6,818 $152,190 $5,740 $146,450
2015 $6,818 $152,190 $5,740 $146,450
2014 $6,590 $152,190 $5,740 $146,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 24021284

Cooperative Arkansas REALTORS® MLS