Listing ID1063763
Price$1,035,000
StatusActive
SqFt
18,036
Acres
0.630
CountySebastian
SubdivisionHawthorne Place
Property TypeResidential
Property Sub TypeApartment
Welcome to Summit Terrace Apartments. This 23 unit value add opportunity has unique features that residents love and well located to major fare ways and schools. Unit features include eat in kitchens, vinyl flooring, backsplashes in select units, privacy fenced patio areas, and sliding patio doors. Summit Terrace Apartments host 22 one bedroom, one bath units and 1 two bedroom, one bathroom townhome. Amenities include a laundry room that needs plumbing and flooring repair, and could offer an additional income stream for new ownership. The average in place rent is $436. Based on our rental market survey, there are properties within close proximity achieving $164 rent premium. Pro Forma available upon request.
County
Sebastian
Property Sub Type
Apartment
Property Type
Residential
Subdivision
Hawthorne Place
Documents Count
1
Year Built Details
Age Unknown
Year Built Source
Public Records
Appliances
Electric Water Heater
Cooling
yes
Cooling Type
Central Air
Flooring
Ceramic Tile, Vinyl
Heating
yes
Heating Type
Central
Levels
Two
Living Area Source
Public Records
Carport
no
Construction Materials
Brick
Exterior Features
Concrete Driveway
Fencing
None
Foundation Details
Brick/Mortar
Garage
no
Lot Features
Subdivision
Lot Size Dimensions
199x137
Parking Features
Assigned
Patio And Porch Features
Enclosed
Road Responsibility
Public Maintained Road
Roof
Architectural, Shingle
Building Area Source
Public Records
Postal City
Fort Smith
Gross Income
94200
Special Listing Conditions
None
Tax Annual Amount
7867
Tax Block
3
Tax Lot
17
Contact - Listing ID 1063763
Vicki Bush
2501 Rogers Ave
Fort Smith, AR 72901
Phone: 4794314168
Data services provided by IDX Broker
