UPDATED:
Key Details
Property Type Single Family Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 28,652 sqft
Price per Sqft $108
Subdivision Stadium Add
MLS Listing ID 1088575
HOA Y/N No
Annual Tax Amount $11,678
Lot Size 1.570 Acres
Acres 1.57
Property Sub-Type Multi Family
Property Description
term residential use under the current ownership, with all buildings receiving new roofs, full electrical upgrades, plumbing, and individual PTAC HVAC units. The portfolio delivers a diverse unit mix of studios, one-bedrooms, and two-
bedrooms, each equipped with full kitchens including a stove and refrigerator — a meaningful upgrade relative to kitchenette-only product in
the submarket. Individual electric meters per unit limit owner utility exposure to water, sewer, trash, and internet service. An on-site laundry facility serves Building 2025C. Building 2025A, a nine-unit two-bedroom addition, is currently under construction with an estimated completion
date of June 1, 2026, providing an immediate lease-up opportunity and value creation event for an incoming buyer. At current operations, the property generates $27,550 per month in gross
rental income across 37 occupied units, with 8 existing vacancies presenting near-term upside. Upon full stabilization of all 53 units at HREC's
independently researched market rates, the property is projected to generate over $491,000 in annualized gross potential rent.
Location
State AR
County Carroll
Interior
Heating Ductless
Cooling Electric
Flooring Concrete
Fireplace No
Appliance Electric Water Heater
Laundry None
Exterior
Exterior Feature Concrete Driveway
Parking Features Detached Carport, Parking Lot
Fence None
Roof Type Other,See Remarks
Building
Lot Description City Lot, Subdivision
Entry Level Three Or More
Foundation Block
Level or Stories Three Or More
Others
Tax ID 925-01878-002
Security Features Security System,Fire Sprinkler System,Smoke Detector(s)
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/2025-Van-Buren-Eureka-Springs-AR-72632/unbranded
Nearby Locations
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