$557,000
$625,000
10.9%For more information regarding the value of a property, please contact us for a free consultation.
902 Caudle Ave Springdale, AR 72764
3,924 SqFt
Key Details
Sold Price $557,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,924 sqft
Price per Sqft $141
MLS Listing ID 1242324
Sold Date 08/09/23
HOA Y/N No
Year Built 1946
Annual Tax Amount $1,448
Lot Size 8,563 Sqft
Acres 0.1966
Property Sub-Type Other
Property Description
Investing in a multi-family property like this boarding house can be a profitable venture, especially if managed effectively. This interesting investment opportunity, A 13-room licensed boarding house near the airport and downtown Springdale, with multi-family zoning, certainly has its advantages.
As a currently operating weekly boarding house, it already generates income. You can continue to operate it in the same way or explore other rental options such as monthly or long-term leases, depending on the demand and your business plan. The seller has reported, there is quite a demand for these types of accommodations and affordable housing in the area.
The inclusion of a coin laundry is beneficial since it provides an additional revenue stream and convenience for tenants. Ample parking is also a valuable asset, as it can accommodate the needs of multiple tenants or guests.
Please contact agent for showing instructions.
Also listed as MLS# 1242261
Location
State AR
County Washington
Zoning N
Direction 71 B or 265 to Emma - South on Park. East on Caudle. Old Missouri to Robinson (412) North on Powell. East on Caudle
Rooms
Basement Crawl Space
Interior
Heating Space Heater
Cooling Window Unit(s)
Flooring Carpet, Vinyl
Appliance Electric Water Heater
Exterior
Roof Type Metal
Total Parking Spaces 13
Building
Lot Description Corner Lot, Industrial Park
Foundation Crawlspace, Slab
Structure Type Stucco
Others
Security Features Fire Alarm
Special Listing Condition None
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Bought with Engel & Volkers Springdale
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