305 S Border St
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305 S Border St
24 Unit Apartment Building $2,693,193 CAD ($112,216 CAD/Unit) Benton, AR 72015
Investment Highlights
- Minutes from downtown and blocks away from freeway access.
- 49 windows have been replaced.
- 12 apartments have new open floor plans & have been completely remodeled within the last 5 years, including upgraded counter tops lighting & cabinets.
- 6 exterior stairwell / decks have been replaced and painted.
- 11 apartments have original floor plans and have been completely remodeled (no upgrade to cabinets or counter tops but floors and paint done.
- A new sump pump was installed to improve drainage.
Executive Summary
Perfectly maintained and updated, minutes from downtown and blocks away from freeway access. Fantastic opportunity to start or build an investment portfolio as property has been well kept with excellent tenants. Easy to rent.
Updates include: 1.) 6 exterior stairwell / decks have been replaced and painted. 2.) Exterior concrete scraped and painted around all units. 3.) 49 windows have been replaced 4.) Fence added along the drainage ditch 5.) 15 new HVAC units 6.) 12 Water heaters 7.) A new sump pump was installed to improve drainage. 8.) 30 various appliances (refrigerator, washer, dryer, stove, dishwasher) 9.) 12 apartments have new open floor plans and have been completely remodeled within the last 5 years, including upgraded counter tops lighting, cabinets and flooring. 11 apartments have original floor plans and have been completely remodeled, (no upgrade to cabinets or counter tops but floors and paint done). 2 units have tenants that have lived in the units for over 5 years and no recent upgrades have been made.
Updates include: 1.) 6 exterior stairwell / decks have been replaced and painted. 2.) Exterior concrete scraped and painted around all units. 3.) 49 windows have been replaced 4.) Fence added along the drainage ditch 5.) 15 new HVAC units 6.) 12 Water heaters 7.) A new sump pump was installed to improve drainage. 8.) 30 various appliances (refrigerator, washer, dryer, stove, dishwasher) 9.) 12 apartments have new open floor plans and have been completely remodeled within the last 5 years, including upgraded counter tops lighting, cabinets and flooring. 11 apartments have original floor plans and have been completely remodeled, (no upgrade to cabinets or counter tops but floors and paint done). 2 units have tenants that have lived in the units for over 5 years and no recent upgrades have been made.
Property Facts
| Price | $2,693,193 CAD | Building Class | B |
| Price Per Unit | $112,216 CAD | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 17,764 SF |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1990 |
| Apartment Style | Low Rise | Parking Ratio | 1.69/1,000 SF |
| Price | $2,693,193 CAD |
| Price Per Unit | $112,216 CAD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 17,764 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 1.69/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | 800 |
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PROPERTY TAXES
| Parcel Number | 805-18670-000 | Improvements Assessment | $145,333 CAD |
| Land Assessment | $12,275 CAD | Total Assessment | $157,607 CAD |
PROPERTY TAXES
Parcel Number
805-18670-000
Land Assessment
$12,275 CAD
Improvements Assessment
$145,333 CAD
Total Assessment
$157,607 CAD
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305 S Border St
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