2200 Washington AveConway, AR 72032

Property Details for 2200 Washington Ave

Year built

1970

Lot size

0.61 AC

Property size (Sq ft)

11,842 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This 24-unit apartment building, located at 2200 Washington Ave in Conway, Arkansas, offers a compelling investment opportunity. Built in 1970, the property boasts 11,842 square feet on a 0.61-acre lot. The building is part of an 11-property portfolio totaling 224 units, available for sale individually or as a package. Eight units have been fully renovated, featuring black granite counters and stainless-steel appliances. Sixteen additional units are currently under renovation, with completion expected within 60 days. Significant upgrades have been made, including a brand-new roof and HVAC systems installed in 2023. The property's prime location offers easy access to downtown Conway, Hendrix College, and major transportation hubs. This presents a unique chance to acquire a multifamily asset with strong potential for value enhancement and capital appreciation. The property is situated in Faulkner County, Arkansas, with a zip code of 72032. This is a rare opportunity to acquire a well-maintained, updated apartment building in a thriving Arkansas market.

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.1071

Longitude

-92.4449

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