+/- 9% cap rate on actual financials! This excellent investment opportunity in Siloam Springs features a +/- 3,029 SF property with four fully occupied rental units. The property includes a mix of unit sizes: two 1-bed, 1-bath units, one 2-bed,1-bath unit, and one 3-bed, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three of the units have contracted leases, while one operates on a month-to-month basis, with rental rates ranging from $600 to $1,100/mo. Each unit's cabinets have recently been painted. The property does not feature central air, each unit is equipped with a window unit. The property consists of a two-story home and a detached home. Conveniently located just 350 feet from S Mt. Olive St. and only 0.5 miles from US. Highway 412 and Harps Food Stores, this property provides easy access to local amenities and major roadways, making it an attractive option for investors.
622 Wright (MLS #1298519) is a traditional single family home located in Siloam Springs, AR.
This single family home is 3,029 sqft and on a lot of 12,197 sqft (or 0.28 acres) with 7 bedrooms, 5 baths and is 29 years old. This property was listed on 02/13/2025 and has been priced for sale at $349,900.
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Listing information courtesy of: Keller Williams Market Pro Realty Bentonville West
