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(479) 481-6268
Real Estate Company
515 S Washington Street, Siloam Springs, AR 72761
- $399,900
- 2,637
- SqFt
- List Price
- $399,900
- Status
- ACTIVE
- MLS#
- ARKMLS-1366842
- Sq. Ft
- 2,637
- Acres
- 0.52
- Year Built
- 1920
- Subdivision
- Carters Add Siloam Spgs
Property Description
Historic farmhouse compound on a half-acre lot with mature oaks, steps from Chautauqua Park, the library, and historic downtown Siloam Springs. Three separate rentals on one parcel: a 3 bed/2 bath main house, a 1 bed/1 bath suite, and a detached 2 bed barndominium, 2,637 sq ft in total. Fully renovated with all new plumbing and modern systems throughout; original hardwood floors and ceilings refinished with the character left intact. Detached 2-car garage. Fully leased and cash flowing from day one with professional property management in place: $46,200 gross annual rent, $31,492 NOI, 7.88% cap rate at list price. Tenants are on 30-day notice, so a buyer can hold or reposition. A strong fit for a 1031 exchange.
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Additional Information
- Taxes
- $2,150
- Style
- Farmhouse, Historic/Antique
- Roof
- Asphalt, Shingle
- Appliances
- Dishwasher, Electric Oven, Electric Range, Gas Cooktop, Gas Water Heater, Refrigerator, Washer
- Fencing
- Partial
- Foundation
- Crawlspace
- Basement
- Crawl Space
- Levels
- Two
- School District
- Siloam Springs
- Heating
- Central, Gas
- Cooling
- Central Air, Electric
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Listing courtesy of Keller Williams Market Pro Realty - Siloam Springs. 479-427-9246