1400 Jacobs Avenue Fort Smith, AR 72908

Listing office KW Commercial | Fort Smith | Randy Pendergraft r***@pendergraftrealty.com Show Phone

Listing date Jun 10, 2024

Source Realnex

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Investment Insights

Based on property information with market context.

This 18-unit multi-family complex presents an investment opportunity, featuring a rental history and well-maintained buildings. Building 1, constructed in 1987, comprises 10 units with 2 bedrooms and 1 bath, totaling 8,512 sq. ft. Each unit includes central heat and air, washer/dryer hookups, and refrigerators. The current monthly rental income for Building 1 is $7,050. Building 2, built in 2021, offers 8 units with high-end finishes. Four units have 2 bedrooms and 2 baths, while the other four are 1-bedroom, 1-bath layouts. These units feature granite countertops, tile flooring, central heat and air, and washer/dryer hookups. The total building size is 7,408 sq. ft., with a current monthly rent roll of $6,650. The complex combines established cash flow with newer construction.

Key Highlights

• Strong rental history and established cash flow from 18 units.
• Benefit from a combination of established (1987) and newer construction (2021).
• Building 2 (built in 2021) features 8 modern units with high‑end finishes including granite countertops and tile flooring.

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FAQs

What type of property is this?

Apartment building - 18-unit complex with established cash flow and newer construction.

Where is this apartment building located?

The property is located at 1400 Jacobs Avenue Fort Smith, AR.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: Strong rental history and established cash flow from 18 units.; Benefit from a combination of established (1987) and newer construction (2021).; Building 2 (built in 2021) features 8 modern units with **high‑end finishes including granite countertops and tile flooring**.