622 S Wright Street, Siloam Springs, AR 72761

$310,000
: 3,029
SqFt

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List Price: $310,000
Status: ACTIVE
Days on Market: 70
MLS#: ARKMLS-1347919
Subtype: Residential
Style: Traditional
Year Built: 1996
Living Area: 3,029
Acres: 0.28
Subdivision: Cranes Add-Siloam Springs

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Property Description

Excellent investment opportunity in Siloam Springs featuring +/- 3,029 SF across four rental units with strong income potential. The property includes two 1-bedroom, 1-bath units, one 2-bedroom, 1-bath unit, and one 3-bedroom, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three units are currently occupied, with one lease secured through October 1 and two operating month-to-month, while one unit is currently vacant, creating additional upside potential. Current rental rates range from $650 to $1,200/mo. Recent improvements include updated cabinetry in each unit. While the property does not feature central HVAC, all units are equipped with window air conditioning units. The property consists of a two-story residence and a detached home, offering a flexible layout for tenants. Conveniently located just 350' from S Mt. Olive and approx. 0.5 miles from US Hwy-412, the property offers convenient access to shopping, schools, and major transportation, making it an attractive Northwest Arkansas investment opportunity.

479-435-4964

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Additional Information

Interior Features: None
Exterior Features: Unpaved Driveway
Taxes: $2,978
Property Description: Traditional
Flooring: Carpet, Tile, Vinyl
Appliances: Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator
Heating: Other, Space Heater
Air Conditioning: Window Unit(s)
Stories: 2
Levels: Two
Roof: Architectural, Shingle
Foundation: Crawlspace, Slab
Parking Features: On Street
School District: Siloam Springs