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    1839 Tyler St Conway, AR 72032

    Sponsored
    For Sale
    $2,300,000

    19-Unit Apartment Building, Updated 2021

    Property size:
    17,617 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 19-unit apartment building at 1839 Tyler St, Conway, AR 72032, presents a compelling investment opportunity. Boasting a total of 17,617 square feet on a 2-acre lot, this multifamily property is zoned MF-3 (Multifamily District) and enjoys a prime location near Hendrix College, The Village at Hendrix, and downtown Conway. The building features a mix of spacious one- and two-bedroom units, with the two-bedroom units averaging 950 square feet and the one-bedroom units averaging 900 square feet. Twelve of the nineteen units have undergone recent renovations, showcasing low-maintenance wood-look tile flooring and fresh paint. Significant improvements completed in 2021 include a new roof, updated exterior columns, and completely renovated corridors featuring new doors, paint, flooring, and lighting. Exterior enhancements further enhance the property's curb appeal and functionality. These include repainted doors with new numbers, replacement of all exterior water shutoffs with ball valves, and upgraded LED exterior lighting. Landscaping has been simplified with low-maintenance rock. The asking price for this well-maintained and strategically located property is $2,300,000. This presents a strong potential for immediate cash flow and long-term appreciation. The property's proximity to educational institutions and the city center ensures consistent tenant demand.

    Property Features for 1839 Tyler St

    General Information

    Property type
    Multifamily properties
    Square Feet
    17,617 SF
    Lot Size
    87,120 SF

    Building Details

    Year Renovated
    2021
    Units
    19

    HighLights

    • 19‑unit apartment building, 17,617 sq ft on 2 acres, zoned MF‑3.
    • Spacious units averaging 900 sq ft (1‑bed) and 950 sq ft (2‑bed).
    • 12 of 19 units recently renovated with low‑maintenance wood‑look tile and fresh paint.
    • 2021 renovations include new roof, exterior columns, and renovated corridors.
    • Exterior improvements include repainted doors, new LED lighting, and low‑maintenance landscaping.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4492543
    Latitude
    35.1024742

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    FAQs

    What type of property is this?
    Multifamily property - 19-Unit Apartment Building, Updated 2021
    Where is this multifamily property located?
    The property is located at 1839 Tyler St Conway, AR.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 19-unit apartment building, 17,617 sq ft on 2 acres, zoned MF-3.; Spacious units averaging 900 sq ft (1-bed) and 950 sq ft (2-bed).; 12 of 19 units recently renovated with low-maintenance wood-look tile and fresh paint.
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    1839 Tyler St Conway, AR 72032
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    Conway, AR 72032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1839 Tyler St Conway, AR 72032
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