1320 S Albert Pike Ave Fort Smith, AR 72903

This grand colonial mansion, constructed in 1950, offers 7,100 square feet of living space and presents an income-producing opportunity. The property features 9 bedrooms and 9 bathrooms, retaining much of its original charm. Previously operated as a successful bed and breakfast until 2021, it is currently being utilized as individual private suites, with 6 suites available for rent, 1 suite coming soon, 1 suite for a caretaker, and 1 suite needing minor updates. One downstairs unit is currently rented, and two of the three unfinished units are located downstairs. The home includes a welcoming entry with a grand staircase, a large living room with a fireplace, a spacious dining area with multiple tables, and an upstairs game room with a bar area. The kitchen is equipped with custom cabinets, quartz countertops, an island, and Z-Line appliances, including a dishwasher, refrigerator, and a 48-inch double oven range with a gas cooktop. There are also three coffee bars and the game room features a full-size refrigerator, sink, and microwave. The backyard, according to the prior owner, has been used for weddings and includes a koi pond. A recently sealed parking lot offers approximately 10 parking spaces, with additional parking available in front of the converted garages. The home is being sold fully furnished. The property is located in the heart of Fort Smith, with restaurants, shopping, and hospitals in the immediate area. The airport is 9 minutes away, and the University of Arkansas at Fort Smith is 4 minutes away. Situated on a 0.88-acre lot, this property has 50% occupancy year-to-date with very little to no marketing. Additional income potential exists by adding two more rooms at minimal cost, while reserving one room for personal use or a caretaker.