406 N Grand St, Searcy, AR 72143

Charming 3-Bed, 1 bath cottage with a huge backyard in a perfect location, only one block from Harding and across the street from College Church of Christ on Grand St. Perfect house for a short or long-term rental or a single-family house or retirement home. Recently refinished hardwood oak floors throughout. Appliances convey. Currently rented until December 31, 2023. There are five available premium investment properties within walking distance of downtown and Harding on Grand St. Individual listed properties total $791,500 and do not include the adjacent lot on Moore street (market value of $20,000) that connects the properties to Moore Street. For $772,000, an investor would be getting a price break of: $19,500 - credit for under market value rent income 1 Additional lot included (~$20,000) value Purchase Price Includes approximately $15,000 in appliance value (8 rental units, and most of them have washer/dryer/dishwasher/refrigerator). 2 new roofs within the past 3-4 years (424 Grand, 426 Grand) Well-maintained Heating/Air units There is an option of building on the east side behind the existing units on a lot with access from River St.