$1,740,000

709 Melody Ln Searcy, AR 72143

Estimated payment $9,745/month

Total Views 6,597
Studio
-- Bath
21,738 Sq Ft
$80 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Carpet
  • Southwest Middle School Rated A-
  • Level Lot

About This Home

Brick Real Estate is proud to present a 24 unit apartment complex on Melody Lane in Searcy, AR. This complex offers a blend of turn key income and stabilization, while still being able to add value and increase revenue. All buildings come with new roofs, exterior paint, and all new windows. Interior renovations vary, but many have received new countertops, floors, cabinets, fixtures, and appliances. This asset is secluded on an 8.31 acre lot providing tenants with ample green space. Reach out for additional information.

Listing Agent

Benton Glass

Brick Real Estate Listed on: 06/13/2025

Co-Listing Agent

Lane Patterson

Aligned Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,300

Year Built

  • Built in 1975

Lot Details

  • 8.31 Acre Lot
  • Level Lot

Parking

  • Parking Pad

Home Design

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

Interior Spaces

  • 21,738 Sq Ft Home
  • 2-Story Property

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Utilities

  • Central Heating and Cooling System

Community Details

  • 24 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,300

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 06/20/2025
  • Road Surface: Paved
  • Street Designation: Lane
  • Type: Apartments
  • Zoning: Multi
  • Source Of Sq Ft: Tax Records
  • Estimated Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Interior Features

  • Floors: Partial Carpet, Vinyl
  • Foundation: Slab
  • Stories: Two Story
  • Kitchen Equipment: Free-Standing Stove, Microwave, Dishwasher

Exterior Features

  • Exterior: Brick
  • Roof: Architectural Shingle

Garage/Parking

  • Garage/Parking: Parking Pads

Utilities

  • Utilities: Sewer-Public
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Electric

Lot Info

  • Estimated Lot Size: 8.31
  • Estimated Lot Size: 8.31
  • Lot: Level
  • Geo Subdivision: AR

Multi Family

  • Tenant Expenses: Electric
  • Maximum Rent One Bedroom: 700
  • Maximum Rent Three Bedroom: 812
  • Maximum Rent Two Bedroom: 825
  • Minimum Rent One Bedroom: 680
  • Minimum Rent Two Bedroom: 600
  • Number Of One Bedroom Units: 2
  • Number Of Three Bedroom Units: 1
  • Number Of Two Bedroom Units: 21
  • Number Units: 24

Tax Info

  • Annual Taxes: 8299.86

Map

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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 $8,300 $204,430 $37,400 $167,030
2024 $8,300 $204,430 $37,400 $167,030
2023 $8,300 $204,430 $37,400 $167,030
2022 $8,300 $204,430 $37,400 $167,030
2021 $8,300 $204,430 $37,400 $167,030
2020 $7,943 $195,640 $37,400 $158,240
2019 $7,943 $195,640 $37,400 $158,240
2018 $7,943 $195,640 $37,400 $158,240
2017 $7,361 $195,640 $37,400 $158,240
2016 $7,361 $181,310 $37,400 $143,910
2015 $6,692 $164,830 $45,780 $119,050
2014 $6,692 $164,830 $45,780 $119,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2025 06/13/25 For Sale $1,740,000 -- $80 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 25024436

Cooperative Arkansas REALTORS® MLS