101 S Locust, Searcy, AR 72143

Property Description

16 FULLY OCCUPIED APARTMENTS NEAR HARDING UNIVERSITY – INCOME-PRODUCING INVESTMENT OPPORTUNITY! Located just minutes from Harding University and one block from Downtown Searcy, this established 16-unit multifamily property offers investors immediate rental income in a highly convenient location! The property features 16 one-bedroom, one-bathroom apartments averaging approximately 530 square feet each and is currently 100% OCCUPIED! With scheduled rental income of $8,950 per month ($107,400 annually), this property offers an established income stream from day one. Current rents range from $450 to $625 per month, with recent leases reaching $625, presenting potential for additional rental income as existing leases turn over. Its proximity to Harding University, Downtown Searcy, shopping, dining, and local employers makes this an attractive addition to an investment portfolio. Interested in the numbers? Contact the listing agent for additional financial information, rental details, and investment analysis! See Agent Remarks for additional information.