Fully sprinkled fire suppressionAda accessibilityCommon coin laundry roomIn unit laundry option
Investors - Look at the returns here. Great property. Roof 2-3 years, HVAC systems 2 years, fully sprinkled fire suppression, elevator, ADA accessibility, common coin laundry room or in unit laundry option, electric metered separately, solid well maintained building, units in excellent repair, great location, tranquil setting with excellent views in all direction, easily +10,000ft²/929m² underutilized space to add additional rental units as desired. Initial major remodel when building was placed back in service approximately 2005 with continued maintenance. 31 total apartments 1br-5, 2br-18, 3br-8 with additional venue rental & party rooms. Historically contributing, but not restricted. Yearly- Electric $16,116, Internet & office phone $6299 (includes Air BnB & 1 Tenant), Water, Sewer, Trash $16,274, Taxes $18,304, Insurance $42,840, Elevator- contract, inspection, permit & emergency phone $5831, Cameras/Security $3617, Fire monitoring and service contract $1834, city business & STR permits $470, Pest & Termite $2024 - Expense $113,609 - Income $455,293 (includes rent, storage, tenant utility contribution, laundry, event space rental, non-refundable pet deposit, pet rent, STR, application fee) NOI $341,684 with a 10% vacancy rate and Cap of 11%. Income reflects some late 2025 downtime for remodel post long term contract. Without adding additional units, realizing $500k+ plus in gross is very reasonable. Owner operated. Leases on file.
88 days
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473
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30
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Zillow last checked:
Listing updated:
Listed by:
Chris Rix,
Rix Realty - Advantage Team Realtors501-205-1900
Source: HSDS,MLS#: 155515
Facts & features
Interior
Heating
Central Heat-Electric
Cooling
Central Cool-Electric, Zoned
Appliances
Included: Dishwasher, Electric Range, Free-Standing Stove, Refrigerator, Dryer, Electric Water Heater, Washer
Laundry: Electric Dryer Hookup, Washer Hookup
Features
Breakfast Bar, Balcony/Loft, Ceiling Fan(s), Marble