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515 S Washington Street, Siloam Springs, AR 72761

$399,900
: 2,637
SqFt

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List Price: $399,900
Status: ACTIVE
MLS#: ARKMLS-1366842
Sq. Ft: 2,637
Acres: 0.52
Year Built: 1920
Subdivision: Carters Add Siloam Spgs

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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.

(479) 481-6268

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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