195 Co Rd 137, Corning, AR 72422

Listing office Halsey Real Estate k**@halseyre.com Show Phone

Listing date Feb 7, 2024

Source Crexi

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Overview

This multifamily property features three all-brick buildings comprising 20 units, situated on approximately 1.5 acres. The property presents an investment opportunity with an existing income stream and potential for expansion. Its location near the future I-57 interstate enhances its appeal to commuters and contributes to its long-term value. All 20 apartments were upgraded with new mini-split heating and air units in 2024, providing tenants with comfort and energy efficiency. Additional revenue is generated from on-site coin-operated laundry facilities. There is potential for value add and rate improvements. An additional approximately 1.0 acre with roughly 240 ft of highway frontage is available for purchase, offering an opportunity for further development to capitalize on the demand for additional rental units or other business ventures. The property size is 9632 square feet.

Suggested Use

Food Market Garden Center Farmer's Market

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Corning

County

Clay

State

Arkansas

Longitude

-90.629927

Latitude

36.41011

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FAQs

What type of property is this?

Apartment building - 20-unit multifamily property with expansion potential near future I-57.

Where is this apartment building located?

The property is located at 195 Co Rd 137 Corning, AR.

What is the asking price?

The asking price for this property is $988,888.

What are key features of this property?

This property features: Solid income stream from 20‑unit apartment complex with potential for expansion.; Proximity to future I‑57 interstate, increasing commuter convenience and long‑term value.; All 20 apartments upgraded with new mini‑split heating and air units in 2024, offering energy efficiency.