Closed

$1,015,000

27 Ridge Ln, Mayflower, AR 72106

--beds

--baths

15,424sqft

Apartment

Built in 1974

-- sqft lot

$1,232,000 Zestimate^®

$66/sqft

$1,166 Estimated rent

Home value

$1,232,000

$1.02M - $1.48M

$1,166/mo

Zestimate^® history

Owner options

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$1,166/mo

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$1,166/mo

Rent Zestimate^®

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$4,706/mo

Est. payment

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$4,706/mo

Est. payment

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What's special

Onsite coin operated laundry

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.

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

Parcel number: 00111720000C
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 & HOA

Community

Subdivision: Not in List

Location

Region: Mayflower

Financial & listing details

Price per square foot: $66/sqft
Tax assessed value: $148,500
Annual tax amount: $1,868
Date on market: 9/14/2023
Listing terms: VA Loan,FHA,Conventional,Cash
Tenant pays: All Utilities
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

Year	Property taxes	Tax assessment
2025	--	--
2024	--	--
2023	--	$29,700
2022	$1,649 +62%	$29,700 +53.5%
2021	$1,018 +12.1%	$19,350 +10%
2020	$908	$17,590
2019	$908	$17,590
2018	$908	$17,590
2017	$908	$17,590
2016	$908	$17,590 +6%
2015	$908 +5.7%	$16,590
2014	$860 +6.2%	$16,590
2013	$810	$16,590
2011	--	$16,590