711 Locke St Ashdown, AR 71822
- Commercial real estate
- 18,288 SF
Current Use by Public Records
- dikensauces pizzaria / Bakery
- Bel-Aire Corners / Apartment Building
Property Details for 711 Locke St
- Property size
- 18,288 SF
- Property type
- Commercial real estate
Description
This exceptional 24-unit multifamily property, located at 711 E Locke St, Ashdown, Arkansas 71822, presents a compelling investment opportunity. The complex boasts a total of 18,288 square feet, with each unit averaging a price of $37,458.33. The asking price for the entire property is $899,000, translating to a price per square foot of $49.16. The two-story building features recently completed renovations, including new underground utilities and fresh paint throughout. Many units showcase upgraded kitchens and bathrooms, boasting granite countertops and tile flooring. A convenient on-site laundry facility adds to the property's appeal. Further enhancing the property's value is a separate 2,341 square foot home, which includes a tenant apartment and a game room. This additional structure provides extra income potential or flexibility for management. The property's strategic location near the local paper mill ensures consistent tenant demand. This turnkey investment is ready for immediate income generation and offers a strong return on investment. The property's recent renovations minimize immediate capital expenditure needs, allowing for a smooth transition for the new owner. This is a rare opportunity to acquire a well-maintained, high-demand multifamily complex in a thriving Arkansas community.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ashdown
- County
- Little River
- State
- Arkansas
- Longitude
- -94.1196757
- Latitude
- 33.6694732
