+/- 9% cap rate on actual financials! This excellent investment opportunity in Siloam Springs features a +/- 3,029 SF property with four fully occupied rental units. The property includes a mix of unit sizes: two 1-bed, 1-bath units, one 2-bed,1-bath unit, and one 3-bed, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three of the units have contracted leases, while one operates on a month-to-month basis, with rental rates ranging from $600 to $1,100/mo. Each unit's cabinets have recently been replaced. The property does not feature central air, each unit is equipped with a window unit. The property consists of a two-story home and a detached home. Conveniently located just 350 feet from S Mt. Olive St. and only 0.5 miles from US. Highway 412 and Harps Food Stores, this property provides easy access to local amenities and major roadways, making it an attractive option for investors.
For sale
Price cut: $10K (8/4)
$329,900
622 S Wright St, Siloam Springs, AR 72761
7beds
3,029sqft
Est.:
Single Family Residence
Built in 1996
0.28 Acres Lot
$-- Zestimate®
$109/sqft
$-- HOA
What's special
Two-story homeDetached home
- 174 days
- on Zillow |
- 298 |
- 9 |
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