College Manor Apartment
For Sale
Contact for pricing
Pending
124 S College St, Mountain Home, AR 72653
Nine-building multifamily property with 32 units, including newer and renovated components plus in-unit laundry features.
Days on Market111
Property Features for 124 S College St
General Information
Standard status
Pending
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
32
Amenities
stainless steel appliances
wood cabinets
white stone counter tops
in-unit washer/dryers
coin operated laundry facility
open kitchen layout
Building Details
Tenancy
Multi
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 28 at 3:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes
Investment Insights
Based on property information with market context.
College Manor Apartments is a 9-building, 32-unit multifamily portfolio in Mountain Home, Arkansas. The property includes three buildings constructed in 1985 and six buildings constructed in 2022, providing a mix of vintage with newer development. Many of the 2022 units feature open kitchen layouts and are equipped with stainless steel appliances, wood cabinetry, white stone countertops, and in-unit washer/dryers. The 1985-built units offer updated amenities and access to an on-site, coin-operated laundry facility. Roofs for the units and laundry facility are approximately 15 years old, and updates have been made to 10 of the 16 HVAC systems.
The location is described as between US Highway 62 and Arkansas 5 N, two major thoroughfares through Mountain Home. The property is about 1 mile from Baxter Regional Medical Center. Nearby grocery options include Walmart Supercenter, Walgreens, and Dollar General.
Parking is allocated per unit, with each non-studio unit receiving two parking spots, while studio layouts receive one parking spot per unit. The 2022 buildings include four triplexes, one quad-plex, and an office building. Current ownership reports annual NOI of $245,703, with an internal projection of $262,874 under new ownership based on area rent comps and new move-in rates, along with an opportunity to increase income through a Ratio Utility Billings system since the current ownership pays water, sewer, and trash utilities expenses.
The location is described as between US Highway 62 and Arkansas 5 N, two major thoroughfares through Mountain Home. The property is about 1 mile from Baxter Regional Medical Center. Nearby grocery options include Walmart Supercenter, Walgreens, and Dollar General.
Parking is allocated per unit, with each non-studio unit receiving two parking spots, while studio layouts receive one parking spot per unit. The 2022 buildings include four triplexes, one quad-plex, and an office building. Current ownership reports annual NOI of $245,703, with an internal projection of $262,874 under new ownership based on area rent comps and new move-in rates, along with an opportunity to increase income through a Ratio Utility Billings system since the current ownership pays water, sewer, and trash utilities expenses.
Key Highlights
- 9‑building, 32‑unit multifamily property in Mountain Home, Arkansas, with 3 buildings built in 1985 and 6 buildings built in 2022
- 2022‑built units: 4 triplexes, 1 quad‑plex, plus an office building; open kitchen layouts and stainless steel appliances
- Units with in‑unit washer/dryers and updated finishes, including wood cabinets and white stone counter tops (per 2022 units described)
Property Analytics
Current Use
Lease Details
32
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,140
Businesses Nearby
Explore this area
Business Placement
Demographics for 72653, AR
28,758
Population
15,123
Households
1.9
Avg Household Size
52
Median Age
19%
College-Educated
89%
High-School Grad
220.8 sq mi
ZIP Area
130
Density / Sq Mi
$48,096
Median Household Income
$31,122
Median Earnings
$865
Median Rent
$167,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine-building multifamily property with 32 units, including newer and renovated components plus in-unit laundry features.
Where is this apartment building located?
The property is located at 124 S College St Mountain Home, AR.
What are key features of this property?
This property features: 9‑building, 32‑unit multifamily property in Mountain Home, Arkansas, with 3 buildings built in 1985 and 6 buildings built in 2022; 2022‑built units: 4 triplexes, 1 quad‑plex, plus an office building; open kitchen layouts and stainless steel appliances; Units with in‑unit washer/dryers and updated finishes, including wood cabinets and white stone counter tops (per 2022 units described)
