1839 Tyler St Conway, AR 72032
- Commercial real estate
- 17,617 SF
- 2.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1839 Tyler St
- Lot size
- 2.00 lot acres
- Property size
- 17,617 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Faulkner
- State
- Arkansas
- Longitude
- -92.4492543
- Latitude
- 35.1024742
