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    195 Co Rd 137 Corning, AR 72422

    Sponsored
    For Sale
    $995,000

    20-Unit Apartment Complex, High ROI

    Property size:
    9,632 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 20-unit apartment complex in Corning, Arkansas, boasting three all-brick buildings situated on approximately 1.5 acres of land. The property features a strong income stream, with a Net Operating Income (NOI) of $111,385 and a compelling 11.19% capitalization rate. Each of the 20 units underwent recent upgrades in 2024, receiving new mini-split heating and air conditioning units, enhancing tenant comfort and energy efficiency. Further boosting profitability is the inclusion of a coin-operated laundry facility generating additional revenue. The property's strategic location near the future I-57 interstate provides excellent accessibility for commuters, increasing its desirability and long-term value. The asking price is $995,000, translating to $49,750 per unit and $103.30 per square foot of the 9,632 square foot complex. Significant upside potential exists through rent increases and further value-add improvements. An attractive add-on is the availability of an additional approximately one-acre parcel with roughly 240 feet of highway frontage, presenting a prime opportunity for expansion, potentially adding more rental units or accommodating other commercial ventures. This property offers a rare blend of immediate income and substantial future growth potential.

    Property Features for 195 Co Rd 137

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,632 SF
    Lot Size
    65,340 SF

    Building Details

    Buildings
    3
    Units
    20

    HighLights

    • 20‑unit apartment complex in Corning, AR.
    • Recently upgraded in 2024 with new mini‑split HVAC systems.
    • Strong NOI of $111,385 and a 11.19% cap rate.
    • All‑brick construction on ~1.5 acres, plus an additional ~1‑acre parcel available.
    • Coin‑operated laundry adds to income.
    • Excellent location near future I‑57 interstate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Corning
    County
    Clay
    State
    Arkansas
    Longitude
    -90.6286355
    Latitude
    36.4106932

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    FAQs

    What type of property is this?
    Multifamily property - 20-Unit Apartment Complex, High ROI
    Where is this multifamily property located?
    The property is located at 195 Co Rd 137 Corning, AR.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 20-unit apartment complex in Corning, AR.; Recently upgraded in 2024 with new mini-split HVAC systems.; Strong NOI of $111,385 and a 11.19% cap rate.
    Request Owner's contact information
    195 Co Rd 137 Corning, AR 72422
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    Corning, AR 72422
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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
    195 Co Rd 137 Corning, AR 72422
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