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195 County Road 137 Corning, AR 72422

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For Sale
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20-Unit Apartment Complex, High ROI

Property size:
9,632 SF

Property Features for 195 County Road 137

General Information

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

Building Details

Buildings
3
Units
20

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Listing Contact
Kim Shelton

Listing Agency: Halsey Thrasher Harpole Real Estate Group Listing Agent: Kim Shelton

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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 Profile Location Intelligence

Current Use by Public Records

Commercial real estate

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
-90.6286355
Latitude
36.4106932

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 County Road 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.
(870) 219-3322 Call to check price and availability
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