Six-Unit Apartment
New
For Sale
$200,000
206 N Spring St, Fordyce, AR 71742
Each residence has its own outside entrance and a kitchen with a refrigerator, range, and microwave.
Property Size3,700 SF
Days on Market5
Property Features for 206 N Spring St
General Information
Standard status
Active
Size
3,700 SF
Property subtype
MultiFamily Apartments
Building Details
Building Size
3,700 SF
Year Built
1996
Listing Agency:
Harmon Real Estate Company
Listed By:
Lindsey Cotton
(501) 486-5990
Source:
Thebrokerlist
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 4 at 6:20AM
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 Harmon Real Estate Company
Investment Insights
Based on property information with market context.
Built in 1996, this two-story apartment property contains 4,000 square feet and six residences. The unit mix comprises three 2BR/1BA apartments and three 1BR/1BA apartments. Each has a separate exterior entrance, plus a kitchen outfitted with a refrigerator, range, and microwave. Residents cover their electric service; water and sewer are paid by ownership.
The property is in downtown Fordyce, within a short walk of the Main Street business area and county courthouse. It is identified as being in FEMA Flood Zone X. A Year 1 pro forma projects an 8.4% cap rate under third-party management.
The property is in downtown Fordyce, within a short walk of the Main Street business area and county courthouse. It is identified as being in FEMA Flood Zone X. A Year 1 pro forma projects an 8.4% cap rate under third-party management.
Key Highlights
- Six apartments: three 2BR/1BA and three 1BR/1BA
- 4,000 SF across two stories; constructed in 1996
- Separate outdoor entrance for each unit
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
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Demographics for 71742, AR
4,639
Population
2,340
Households
2
Avg Household Size
43
Median Age
9%
College-Educated
90%
High-School Grad
169.4 sq mi
ZIP Area
27
Density / Sq Mi
$43,299
Median Household Income
$33,849
Median Earnings
$644
Median Rent
$101,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has its own outside entrance and a kitchen with a refrigerator, range, and microwave.
Where is this apartment building located?
The property is located at 206 N Spring St Fordyce, AR.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Six apartments: three 2BR/1BA and three 1BR/1BA; 4,000 SF across two stories; constructed in 1996; Separate outdoor entrance for each unit
