155 Venable St, Booneville, AR 72927

This stabilized, multifamily investment opportunity presents a well-maintained 10-unit apartment building located at 155 W Venable St, Booneville, AR 72927. The property, built in 1983 and extensively renovated in 2022, boasts a total of 6,168 square feet situated on a 17,805 square foot lot. The complex comprises four single-story buildings, offering a mix of eight one-bedroom and two two-bedroom units, all currently 100% occupied. The property features a strong NOI of $50,773.74, resulting in a compelling 7.93% cap rate. The asking price is $640,000, translating to $64,000 per unit. Significant improvements include HVAC system replacements in 2019 and roof replacements in 2022 (three buildings) and approximately 2017 (remaining building). This Section 8 property requires all tenants to meet established qualification criteria. This is a turnkey investment with excellent potential for continued strong returns. The property is located in Logan County, Arkansas.