$ 360,000 $ 360,000

318 E Purdon Street550

England, AR 72046

  • 16 Beds
  • 8 Baths
  • 4,928 SqFt
  • 10,454 Lot Size
  • 1988 Year Built
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!
Listed by Epique Realty , Sold By Epique Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $360,000

    Property Type Multi-Family

    Sub Type Apartments

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 4, 928 sqft

    Price per Sqft $73

    Subdivision Ot England City

    MLS Listing ID 25006497

    Sold Date 04/28/25

    Style Traditional

    Bedrooms 16

    Year Built 1988

    Annual Tax Amount $1,683

    Lot Size 10,454 Sqft

    Acres 0.24

    Property Sub-Type Apartments

  • Location

    State AR

    County Lonoke

    Area England School District

    Zoning R-3

  • Rooms

    Kitchen Free-Standing Stove

  • Building

    Lot Description Level

    Foundation Slab

    New Construction No

  • 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

CONTACT

Daniel Rodriguez
Daniel Rodriguez

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