The property currently has 7 yearly leases in place. There is the potential for 16 studio apts to be rented at $500. a month. There are 2 wells and 4 septic systems with room to build more unites. The property sits on a ridge with beautiful views. Part of the rooms are furnished and could be overnight rentals. Possible owner financing.
Off market
$760,000
5802-5830 Highway 62 W, Eureka Springs, AR 72632
--beds
0baths
22,520sqft
MultiFamily
Built in 1965
-- sqft lot
$760,000 Zestimate®
$34/sqft
$925 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Heat pump, Electric
Features
- Flooring: Tile, Carpet
Interior area
- Structure area source: court house
- Total interior livable area: 22,520 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Garage - Attached
Features
- Patio & porch: Balcony, Covered
- Exterior features: Brick
Lot
- Size: 17 Acres
- Features: Wooded, Cleared, Rolling Slope
- Residential vegetation: Wooded, Cleared
Details
- Zoning description: Multi Family
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1965
Community & neighborhood
Security
- Security features: Fire Alarm
Location
- Region: Eureka Springs
Other
Other facts
- Flooring: Carpet, Ceramic Tile
- Heating: Electric, Heat Pump
- GarageYN: true
- AttachedGarageYN: true
- CarportYN: true
- HeatingYN: true
- CoolingYN: true
- FoundationDetails: Slab, Block, Crawl Space
- BusinessType: Residential
- ConstructionMaterials: Brick, Cedar
- ExteriorFeatures: Balcony
- NumberOfUnitsInCommunity: 23
- NumberOfUnitsTotal: 23
- LotFeatures: Wooded, Cleared, Rolling Slope
- GrossIncome: 54600
- RentIncludes: Water, Electricity, Heat, Air Condition
- CoveredSpaces: 2
- Vegetation: Wooded, Cleared
- PatioAndPorchFeatures: Balcony, Covered
- StructureType: Multi Family
- SecurityFeatures: Fire Alarm
- Cooling: Electric
- Roof: Asphalt Shingle
- ParkingFeatures: Parking Lot
- ZoningDescription: Multi Family
- CurrentFinancing: Private
- BuildingAreaSource: court house
- LivingAreaSource: court house
- MlsStatus: Active
- TaxAnnualAmount: 5108
- GrossScheduledIncome: 144600
Services availability
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.