1313 Elm StConway, AR 72034

  • Residential income properties
  • 10,496 SF
For Sale

Property Details for 1313 Elm St

Year built
1983
Lot size
0.66 AC
Property size (Sq ft)
10,496 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This 13-unit apartment building, located at 1313 Elm St in Conway, AR 72034, presents a compelling investment opportunity. The property, a Class B multifamily building constructed in 1983, boasts a total of 10,496 square feet situated on a 0.66-acre lot. All 13 units are two-bedroom, one-bathroom apartments averaging 650 square feet, each equipped with a washer and dryer. The building features completely remodeled lofts with a unique design, enjoying a prime downtown location within walking distance of numerous shops and restaurants. Significant improvements have been made in recent years, including the complete replacement of all roofs and HVAC systems within the last three years. Its convenient location offers easy access to both Hendrix College (a four-minute drive) and the University of Central Arkansas (a three-minute drive), making it an attractive option for students and young professionals. This property offers a strong potential for rental income and appreciation, making it an ideal addition to any investment portfolio. The property's prime location and recent renovations combine to create a highly desirable multifamily investment.

1313 Elm St, Conway, Arkansas
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Location Insight

City
Conway
County
Faulkner
State
Arkansas
Latitude
35.0858
Longitude
-92.4402

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