3401 N L St, Fort Smith, AR 72904

Excellent investment opportunity, competitively priced, featuring 8 units with 2 bedroom, 1 bath. Strong occupancy history and consistent performance. All units are currently leased, offering immediate income with high tenant retention and a low turnover rate. One building received a new roof in 2025, and most units have been upgraded with updated central HVAC systems or energy-efficient mini-split units, helping reduce maintenance concerns and improve operating efficiency. Each apartment is individually metered for electric, gas, and water, with tenants responsible for their own utilities—minimizing owner expenses and simplifying management. Ideally located near a laundromat, restaurants, UFAS college, and local schools, this property benefits from steady rental demand and convenient access to everyday amenities. With current rents below market in several units, there is clear potential to increase rental income and increase cash flow!