NEWS: Income Producing Properties in Armorel...
Welcome to these 24 apartments with about 24,000 square feet. The property has a 100% occupancy rate and sits on about 6-acres with 6 additional building lots. There are 16 units with 2 bedrooms and 1 bathroom. There are also 8 units with 3 bedrooms and 2 bathrooms. The eight 3BR units rent for $600 per month (8 units * $600) and the sixteen 2BR units rent for $500 per month (16 units * $500). At full occupancy, that is $12,800 in monthly income. Also, there are 6 lots where you could build 5 additional 3BR/2BA units and 1 more 2BR/1BA unit. That would be $3,500 more a month in additional income. These units are conveniently located near local industry in a great school district.

This is a great opportunity to purchase a turn-key rental operation in a great area. Call Edwin Caldwell for an appointment to view this property at 870.623.1670.

NOTE: These apartments are located in the Armorel School District and residents attend Armorel Schools.

Call Edwin Caldwell at (870) 623-1670 or fill out the form below for more information on this property with 24 Apartments and 6 Lots on NCR 909 - $1,490,000.