UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,841 sqft
Price per Sqft $105
Subdivision Fort Chaffee Barracks Ph I, Ii, & Iii
MLS Listing ID 1088979
Construction Status Fixer,To Be Built
HOA Y/N No
Year Built 1940
Annual Tax Amount $1
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Triplex
Property Description
All permitting and architectural plans have been approved by the City of Fort Smith and will convey with the sale. Plans include elevated individual front porches with stair access, white exterior siding, black roofing, dedicated parking, composite decking, open living areas, kitchens with islands, updated baths, LVT flooring, and three separate residential units.
Early estimates suggest approximately $150,000+/- may be needed for completion, subject to buyer verification. Contractor completion may be available at an additional cost.
Projected short-term rental income of approximately $1,750 per unit could create strong cash flow potential and provide an attractive return on investment.
Fort Chaffee carries a deep Arkansas legacy, from its military training roots to the famous Chaffee Barbershop where Elvis received his Army haircut. Today, Chaffee Crossing is being reimagined into one of Fort Smith's most dynamic growth corridors, with ACHE, Heritage, Fort Smith Brewing, Conex Bar, trails, medical, manufacturing, industry, and new residential development creating momentum all around it.
More than a renovation project, this is a chance to revive a piece of local history and turn it into income-producing housing in a district built for the future. Bring your vision, finish the project, and be part of the next chapter of Chaffee Crossing.
Location
State AR
County Sebastian
Community Curbs
Rooms
Basement None
Interior
Flooring Vinyl
Fireplace No
Laundry None
Exterior
Parking Features Parking Lot, Asphalt
Fence None
Community Features Curbs
Roof Type Asphalt,Shingle
Building
Lot Description Central Business District, Industrial Park, Level
Entry Level One
Foundation Slab
Level or Stories One
New Construction No
Construction Status Fixer,To Be Built
Others
Tax ID 1
Security Features None
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Nearby Locations
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