$175,000
$179,900
2.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/26/2018
Key Details
Sold Price $175,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SP18066467
Sold Date 07/26/18
HOA Y/N No
Year Built 1908
Property Description
Retail / Loft building on Main Street in Downtown Gravette, Arkansas. $50,000 cash down yields 8.5% return. Upstairs Loft is approximately 2100 square feet with one bathroom and an open concept floor plan. Perfect to live in or as Creative / Office space. Downstairs tenant pays $1,100 / month. Ten large windows on two sides create a bright and open space for live / work or office space. Edward Jones Corporate just renewed their lease for five years with a five year option, and they are renovating their space. Heating & A/C unit about 18 months old on retail space, and about 8 years old in the Loft. Each space has individual hot water heater, and the roof was replaced in May, 2018. Loft has washer / dryer hook-ups.
Location
State AR
County Other State
Interior
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Kirk Wolf • CRMLS
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "