We are excited to have the opportunity to bring the Allison Lane Duplexes to the market. This 22 unit asset has a high ceiling and value that has yet to be realized.
Located at 5000-5032 Allison Lane Fort Smith, AR 72901 is a well located duplex community near a plethora of retail and jobs.
The unit mix consist of 22 3 bed/2 bath units with 1023 SF, laundry hookups, central HVAC and vinyl plank/tile flooring throughout.
This B-Class asset is being purchased below replacement cost and is stabilized at 100% occupancy. There is significant upside to be realized through lease renewals. Based on our market research, we are seeing similar units rent for a $418 premium.
A Buyer has a clear path to raise rent conservatively and add value to the community with light upgrades to the units and exterior. The growth of Fort Smith and Chaffee Crossing will afford an opportunity to capitalize.
Utilities Electricity Available, Sewer Available, Water Available
Parking Features Assigned
Lot Size Dimensions .
Lot Features City Lot, Subdivision
Lot Size Acres 0.1445
Neighborhood
Market Last 30 Days In This Postal Code
Property History
Date
Event
Price
Percent Change
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Current Price Source: Multiple Listing Service
New Value: $2,400,000
9/6/2024 10:17:00 AM
New in Database Source: Multiple Listing Service
New Value: $2,400,000
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* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
