This is a fantastic 30 unit apartment complex with room to build another building adding even more units. The complex features 8 - 1 bedroom units and 22 - 2 bedroom units. There is also onsite coin operated laundry with provides extra income. The property is only 20 minutes from Little Rock and only 15 minutes from Conway. Both of these cities provide many jobs making this apartment complex conveniently located for any perspective tenants. if you are looking for a value add real estate investment, this is the investment for you. with the potential of building another building this would be a real smart move.
Closed
$1,015,000
27 Ridge Ln, Mayflower, AR 72106
--beds
--baths
15,424sqft
Apartment
Built in 1974
-- sqft lot
$1,243,800 Zestimate®
$66/sqft
$1,123 Estimated rent
Home value
$1,243,800
$983,000 - $1.57M
$1,123/mo
Zestimate® history
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$1,123/mo
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$4,706/mo
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Zillow last checked: 7 hours ago
Listing updated: December 21, 2023 at 07:40am
Listed by:
David J Sutton 501-658-7299,
LPT Realty,
Susan Sutton 501-766-1248,
LPT Realty
Bought with:
Victoria Vongsavath, AR
Aclin Realty
Source: CARMLS,MLS#: 23029015
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Free-Standing Range, Washer, Dryer
- Laundry: Washer Hookup, Electric Dryer Hookup, Washer/Dryer-Comm. Out
Features
- Flooring: Partial Carpet, Tile, Laminate, Luxury Vinyl
- Basement: None
Interior area
- Total structure area: 15,424
- Total interior livable area: 15,424 sqft
Property
Parking
- Total spaces: 4
- Parking features: Parking Pad, Four Car or More
Features
- Levels: Two
- Exterior features: Dumpster
Lot
- Size: 5.68 Acres
- Features: Level, Not in Subdivision, Out of City
Details
- Zoning: muli res
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Apartment
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Location
- Region: Mayflower
- Subdivision: Not in List
Other
Other facts
- Listing terms: VA Loan,FHA,Conventional,Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/20/2023 | Sold | $1,015,000-24.8%$66/sqft |
Source:  CARMLS #23029015 Report a problem | ||
| 9/14/2023 | Listed for sale | $1,350,000$88/sqft |
Source: CARMLS #23029015 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 72106
Nearby schools
GreatSchools rating
- 6/10Mayflower Middle SchoolGrades: 5-8Distance: 1.6 mi
- 4/10Mayflower High SchoolGrades: 9-12Distance: 1.3 mi
- 6/10Mayflower Elementary SchoolGrades: PK-4Distance: 2.6 mi
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$1,243,800
2% more
+$24,876
With Zillow Showcase(estimated)
$1,268,676
- Arkansas
- Faulkner County
- Mayflower
- 72106
- 27 Ridge Ln