102 Main Street

    Outside Area (Outside Ca), AR 72736
    • $179,900
    • STATUS: Active
    • ON SITE: 87 days
    • ID#: SP18066467
    Price Reduced
    UPDATED: 7 min ago
    $179,900
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,404
      SQFT
    • $41
      $/SQFT
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    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. Current seller lived in the Loft and just relocated. Loft is currently vacant, and has washer / dryer hook-ups. Contact Guy Torelli, Agent, for a Marketing Brochure.The City of Gravette has a long term growth plan including major capital improvements to the Downtown core and surrounding areas, and it also has a brand new High School. See brochure for more details and a link. In nearby Centerton hundreds of new homes are under construction and being sold.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-18T09:25:14.18. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/81934721

    102 Main Street Outside Area (Outside Ca), AR 72736

    • Price: $179,900
    • Status: Active
    • Updated: 7 min ago
    • ID#: SP18066467
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    4,404
    SQFT
    $41
    $/SQFT
    1908
    Built
    County:
    Other State
    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. Current seller lived in the Loft and just relocated. Loft is currently vacant, and has washer / dryer hook-ups. Contact Guy Torelli, Agent, for a Marketing Brochure.The City of Gravette has a long term growth plan including major capital improvements to the Downtown core and surrounding areas, and it also has a brand new High School. See brochure for more details and a link. In nearby Centerton hundreds of new homes are under construction and being sold.
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner Lot Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Electric Dryer HookupInsideWasher Hookup Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 8.40 Community Features CurbsSidewalksStreet Lighting Country Us Electric Expense 1400.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 23400.00 Gross Scheduled Income 23400.00 Insurance Expense 1654.00 Land Lease YN No Laundry YN Yes Net Operating Income 15194.00 New Taxes Expense 1300.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 8206.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Expenses 8206.00 Trash Expense 0.00 Water Sewer Expense 900.00 Water Source Public

    Listing provided courtesy of Guy Torelli of Torelli Investment Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-18T09:25:14.18. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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