1313 Elm St Conway, AR 72034
- Commercial real estate
- 10,496 SF
- 0.66 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1313 Elm St
- Year built
- 1983
- Lot size
- 0.66 lot acres
- Property size
- 10,496 SF
- Property type
- Commercial real estate
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Faulkner
- State
- Arkansas
- Longitude
- -92.440226283777
- Latitude
- 35.085786828792
