1099 W Elm St, Cabot, AR 72023
MULTI_FAMILY - Cabot, AR
- Added:
- Jun 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 11 at 2:06 am
Property Features for 1099 W Elm St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Interior features
- Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling
- Exterior features
- Partially Fenced
- Fencing
- Partial
- Appliances
- Free-Standing Stove, Electric Range, Dishwasher, Disposal, Free-Standing Stove, Electric Range, Dishwasher, Disposal
- Standard status
- Active
- Size
- 9,600 SF
- Lot size
- 1.85 Acres
Taxes and HOA fees
- Tax Description
- 13-04N-10
- Tax Annual Amount
- 3536
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 12
- Flooring type
- Vinyl, Tile
- Roof type
- Shingle
- Architectural style
- Other
Listing agent BJ Lowe (501) 733-9623
Listing office Brick Real Estate 2405 Prince Street, Conway, AR (501) 497-3822
Listing date Jun 9, 2026
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 12‑unit multifamily investment made up of 3 buildings with 4 townhome‑style units each
- All units renovated with LVP flooring in bedrooms and updated appliances
- Six units feature granite countertops in kitchens and baths; six units have epoxy‑finished countertops
- Roofs replaced in 2022
- HVAC systems recently serviced
- Vinyl and tile flooring; partially fenced/partial fencing on the exterior
Overview
The property is located in Cabot, Arkansas, in Lonoke County, at 1099 W Elm St.
Designed for investors seeking a turnkey residential income asset, the updates and condition-driven improvements are intended to limit near-term work. Roofs were replaced in 2022, and the HVAC systems have recently been serviced. With renovations already completed across the units, this is a practical option for buyers looking to take over operations with fewer deferred maintenance items than a typical older multifamily property.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.8k | $15.60 |
| − Vacancy | −$8.7k | −$0.90 |
| EGI | $141.1k | $14.70 |
| − OpEx | −$63.5k | −$6.61 |
| NOI | $77.6k | $8.08 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cabot
- County
- Lonoke
- State
- Arkansas
- Longitude
- -92.026602
- Latitude
- 34.973701
