Sold for $550,000

$550,000

107 N Stephan Ln, Corning, AR 72422

--beds

0baths

10,000sqft

Apartment

Built in ----

-- sqft lot

$570,400 Zestimate^®

$55/sqft

$-- Estimated rent

Home value

$570,400

Estimated sales range

Not available

Zestimate^® history

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What's special

This is an amazing investment opportunity in the beautiful town of Corning, Arkansas. This large multi-family bundle is comprised of 14 units - 8 one bedroom/one bathroom and 6 two bedroom/one bathroom - that are all fully electric and very well maintained. It is already income producing and fully occupied, and comes with paved parking lots. Don't miss out on this excellent opportunity to invest in Corning!

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Cooling

1 Bedroom Unit(Window Unit), 2 Bedroom Unit(Central Air)

Appliances

Included: 1 Bedroom Unit(Range, Refrigerator), 2 Bedroom Unit(Range, Refrigerator)
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup

Interior area

Total structure area: 10,000
Total interior livable area: 10,000 sqft

Property

Parking

Total spaces: 14
Parking features: 1 Space/Unit

Features

Levels: One

Details

Parcel number: 72200512000C

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Brick, Metal Siding, Vinyl Siding
Roof: 3-Tab Shingles

Condition

Year built: 0

Utilities & green energy

Sewer: City Sewer
Water: Public

Community & HOA

Location

Region: Corning

Financial & listing details

Price per square foot: $55/sqft
Annual tax amount: $2,938
Date on market: 1/31/2025
Listing terms: Cash,Conventional,In House
Lease term: 1 Bedroom Unit(Monthly),2 Bedroom Unit(Monthly)
Total actual rent: 850
Tenant pays: 1 Bedroom Unit(Tenant Pays Heat)

Price history

Date	Event	Price
1/31/2025	Sold	$550,000-8.3%$55/sqft
Source: Northeast Arkansas BOR #10119634 Report a problem
4/28/2023	Listing removed	--
Source: Northeast Arkansas BOR #10102547 Report a problem
12/8/2022	Price change	$600,000-25%$60/sqft
Source: Northeast Arkansas BOR #10102547 Report a problem
10/27/2022	Listed for sale	$800,000$80/sqft
Source: Northeast Arkansas BOR #10102547 Report a problem

Public tax history

Tax history is unavailable.

Neighborhood: 72422

Nearby homes

Nearby schools

GreatSchools rating

5/10
Park Elementary School
Grades: PK-4Distance: 0.4 mi
5/10
Corning Middle School
Grades: 5-8Distance: 1.2 mi
7/10
Corning High School
Grades: 9-12Distance: 1.2 mi

Schools provided by the listing agent

Elementary: Corning
Middle: Corning
High: Corning

Source: Northeast Arkansas BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.