969 W Holly Street

Fayetteville , AR 72703

MLS#: 1284668

$1,000,000

Status: Closed
Listing number: 1284668
Listing provided by: GREA-Global Realtor Estate Advisors Branch
Listing agent phone: None
Last update: 11 months ago
On site: 1 year, 4 months ago
Browse Properties
Fayetteville Outlots - Residential

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1972

Sq.Footage

4,212

969 W Holly is a multifamily property located in core Fayetteville less than a mile from University of Arkansas campus and neighboring popular retail destinations at the corner of Garland and North. The property is comprised of eight one-bedroom, one-bathroom units. The seller deployed significant capital into each unit ranging from $10,000-15,000 replacing HVAC units, water heaters, and making unit upgrades. Most units have new Luxury Vinyl Plank floors and new countertops, as well as stainless steel appliances, upgraded cabinets, and updated bathrooms. The effective in-place rents are well below comp-supported rent premiums that can be achieved by completing unit upgrades where necessary, equating to a $200/mo upside on most units. Current ownership pays water/sewer/trash, but a new owner could bill these back to tenants and further increase NOI. Property can transact alongside it's 10-unit sister property less than a block away, 942 W Holly St, MLS #1284690

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Concrete, Parking Lot, Driveway

  • Pool

    No

Area & Lot

  • Lot Features

    Cleared

  • Lot Size(acres)

    0.371

  • Property Type

    Residential

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $1,000,000

  • Tax Amount

    5477.0

  • Sq. Footage

    4, 212

  • Price/SqFt

    $237

HOA

  • Association

    Yes

  • Association Fee 2 Frequency

    Monthly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Fayetteville

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Slab

  • Tax Lot

    .37

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Location

County

Washington

Elementary School

Fayetteville

Middle School

High School

Listing Courtesy of Corey Allen , GREA-Global Realtor Estate Advisors Branch

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Agent Lura Kitchens

REALTOR®

Lura Kitchens

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(479) 264-4814

lura@arkwest.com


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969 W Holly is a multifamily property located in core Fayetteville less than a mile from University of Arkansas campus and neighboring popular retail destinations at the corner of Garland and North. The property is comprised of eight one-bedroom, one-bathroom units. The seller deployed significant capital into each unit ranging from $10,000-15,000 replacing HVAC units, water heaters, and making unit upgrades. Most units have new Luxury Vinyl Plank floors and new countertops, as well as stainless steel appliances, upgraded cabinets, and updated bathrooms. The effective in-place rents are well below comp-supported rent premiums that can be achieved by completing unit upgrades where necessary, equating to a $200/mo upside on most units. Current ownership pays water/sewer/trash, but a new owner could bill these back to tenants and further increase NOI. Property can transact alongside it's 10-unit sister property less than a block away, 942 W Holly St, MLS #1284690

969 W Holly Street

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