Current Use by Public Records
- Tarpass Apartments / Apartment Building
Property Details for 621 Williams Ave
- Year built
- 2001
- Lot size
- 1.03 lot acres
- Property type
- Apartment buildings
Description
This exceptional 23-unit apartment building in Carlisle, Arkansas, presents a compelling investment opportunity. Built in 2001, this two-story complex boasts 22,068 square feet on a 1.03-acre lot, offering 2 parking spaces per unit. All 23 units are currently occupied, featuring two bedrooms and two bathrooms, complete with refrigerator, washer, and dryer. Four units are handicap accessible (two wheelchair accessible). A shared common area with a living space, kitchen, and restroom enhances tenant convenience. The property includes several covered patios and is ideally situated within walking distance of the park, downtown, banks, shopping, and the library, and just eight blocks from an elementary school and grocery store. Recent improvements include a new roof (summer 2022) and 11 new HVAC units. Water is paid by the owner. Each unit measures 899 square feet. The asking price is $1,650,000, representing a price per square foot of $74.77. This well-maintained property offers quiet living and a strong potential for return on investment. Twelve units are located on the upper floor.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carlisle
- County
- Lonoke
- State
- Arkansas
- Longitude
- -91.748
- Latitude
- 34.7884
