AR > England > Ot England City
England, AR 72046,318 E Purdon Street550
England, AR 72046,318 E Purdon Street550
England, AR 72046,318 E Purdon Street550
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$360,000
Est. payment /mo
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16 BD
8 BA
4,928 SqFt
Under Contract

318 E Purdon Street550 England, AR 72046

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Micah Ribbing

Micah Ribbing

+1(501) 218-5944

UPDATED:

02/21/2025 12:50 AM

Key Details

Property Type Multi-Family

Sub Type Apartments

Listing Status Under Contract

Purchase Type For Sale

Square Footage 4,928 sqft

Price per Sqft $73

Subdivision Ot England City

MLS Listing ID 25006497

Style Traditional

Bedrooms 16

Year Built 1988

Annual Tax Amount $1,683

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Apartments

Property Description

Capitalize on a rare investment value-add opportunity with this 8-unit apartment complex in a high-demand rental market. Seven units are currently occupied with month to month leases, ensuring a steady income stream right from the start. The eighth unit sets this property apart; it has been freshly painted and newly carpeted, making it move-in ready for immediate leasing or perfect for a more extensive updates to increase rental value further. This complex is an ideal choice for investors looking to enhance their portfolio through strategic upgrades and rent escalations. With strong rental demand and significant room for property improvements, this is a prime opportunity to substantially grow your investment returns. Properties with this level of potential are in short supply and high demand. Contact us today for financial details and to arrange a private tour. Secure this property before it's too late and watch your investment flourish! Agents see remarks!

Location

State AR

County Lonoke

Area England School District

Zoning R-3

Rooms

Kitchen Free-Standing Stove

Interior

Heating Central Cool-Electric, Central Heat-Gas

Flooring Partial Carpet, Vinyl

Equipment Free-Standing Stove

Exterior

Parking Features Parking Pads

Utilities Available Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural

Roof Type Composition

Building

Lot Description Level

Foundation Slab

New Construction No

Listed by Epique Realty • Daniel Rodriguez

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agent

Micah Ribbing

REALTOR | License ID: SA00096985

+1(501) 218-5944

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318 E Purdon Street550