$129,500
10 beds 8 baths 6,280 sq. ft.
34.1194 -93.0583

1003 Main Street, Apt.'s 1-8 Arkadelphia, AR 71923

$129,500
Est. Monthly $815 with $1,876 in taxes recalculate
10 beds 8 baths 6,280 sf
 

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1003 Main Street, Apt.'s 1-8
Arkadelphia, AR 71923

Explore This Property

Single Family Detached - NEWLY REDUCED from $157,500. to $129,500.! What an OPPORTUNITY for Investors!

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<br/>8-UNIT APARTMENT BUILDING located in DOWNTOWN Arkadelphia --- on the Southwest corner of Main Street & South 10th Street. This 8-PLEX is 5 Blocks South of Henderson State University's campus -and- only 1 to 6 Blocks West of shopping, restaurants/eating establishments, banking, various services, the City Library, churches, physical fitness gym(s), & more!

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<br/>Living on Main Street --- within walking distance of everything 'downtown' can be SO MUCH FUN!

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<br/>Measuring approx. 6,280 SQ. FT., total --- this 2-story APARTMENT BUILDING features 8 separate, 1-Bedroom or 2-Bedroom apartments --- with 4 APT. units being on the main-level and 4 additional APT. units being on the upper-level!

<br/>Each, separate APT. features an ENTRY HALL, a LIVING/DINING combination, a KITCHEN with range, refrigerator, & cabinetry with sink. There's also a short hallway leading to the HALL BATH and the BEDROOM(S). Each apartment is slightly different BECAUSE this multi-family structure was built 'as an 8-UNIT APARTMENT BUILDING in the late 1940's -and- there has been a multitude of tenants (and Owners) as the years have gone by. However, with that being said, the ATMOSPHERE & THE INTEGRITY of this building, overall --- BOTH the exterior and the interior (atmosphere & integrity) are still there! IF THESE WALLS COULD TALK!

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<br/>Each of the 8-unit's UTILITIES ARE METERED INDIVIDUALLY. Each apartment is responsible for its own utility bills! Each of the 8 APT.'s has their very own individual, NEWER CH/A SYSTEM and their very own individual, NEWER ELECTRICAL BREAKER BOX, and their very own individual, HOT WATER TANK!

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<br/>Each apartment RENTS/LEASES for between $300. to $350. PER MONTH -and- the TENANTS/LESSEES PAY THEIR OWN UTILITIES (per apartment unit). Approx. $2,500+- gross income per month (when fully occupied & when all rents are 'paid') BEFORE any repair expense, management expense, or County Property Tax, or any Landlord Property (all perils) Insurance is taken out.

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<br/>CALL TODAY and schedule an appointment to view this Multi-Family, 8-UNIT, APARTMENT BUILDING. Please allow us 2 or 3 days to schedule appointments (to view) in advance, due to their being several tenants. Call REEDER REALTY at 870-246-2406 & ask for Wes Reeder 870-210-1020. See this INVESTMENT PROPERTY'S 17-photo Visual Tour at www.ezmls.com (Listing ID: R63675) and then CALL US to view some -or- all of the 8 individual, 1-BR or 2-BR, 1-BA apartments!
MLS # R63675
Courtesy Of Reeder Realty

Property Features

  • Age: Over 50 Years Old
  • Appliances: Oven, Refrigerator
  • Architecture Style: Other
  • Cooling System: Central A/C
  • Exterior Type: Brick
  • Floor Covering: Carpet, Hardwood, Laminate, Vinyl
  • Heating System: Central Furnace
  • Parking Type: Garage
  • Roof Type: Composition Shingle
  • Rooms: Bedroom, Full Bath, Living Room, Patio

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $815Your estimated monthly payment
    $25,90020% Down Payment
    $129,500 $116,550 $1,876
    purchase price loan amount property tax (est)
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    PEAKE ELEMENTARY SCHOOL
    Grades 4-5 | Public School

    ARKADELPHIA, AR 71923
    1609 PINE ST
    870-246-2361
    0.6
    miles

    Total Students 300
    Student Teacher Ratio 16:1

    School Rating

    2 stars View School Details
    CENTRAL PRIMARY SCHOOL
    Grades 2-3 | Public School

    ARKADELPHIA, AR 71923
    233 N 11TH ST
    870-246-2872
    0.3
    miles

    Total Students 310
    Student Teacher Ratio 15:1

    School Rating

    1 star View School Details
    Middle School
    GOZA MIDDLE SCHOOL
    Grades 6-8 | Public School

    ARKADELPHIA, AR 71923
    1305 CADDO ST
    870-246-4291
    0.3
    miles

    Total Students 430
    Student Teacher Ratio 12:1

    School Rating

    3 stars View School Details
    High School
    ARKADELPHIA HIGH SCHOOL
    Grades 9-12 | Public School

    ARKADELPHIA, AR 71923
    401 HIGH SCHOOL RD
    870-246-7373
    2.3
    miles

    Total Students 550
    Student Teacher Ratio 11:1

    School Rating

    1 star View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Louisa Perritt Primary School 1.0 mi Public PRESCHOOL-1
    Clark County Christian Academy 3.8 mi Private K-12

    Local Area Information for Arkadelphia, AR 71923

    Median Age: 31.2
    Married: 34.1%
    Number of Households: 6,200
    Households with Children: 1,748
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 ezMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      The Single Family Detached located at 1003 Main Street, Apt.'s 1-8, Arkadelphia, AR 71923 is currently for sale. 1003 Main Street, Apt.'s 1-8, Arkadelphia is listed for $129,500. This property has 10 bedrooms, 8 full bathrooms, and approximately 6,280 square feet. If the property located at 1003 Main Street, Apt.'s 1-8, Arkadelphia, AR isn't what you're looking for, search Arkansas real estate to see other houses for sale in Arkadelphia.