1320 S Albert (Pike) Avenue, Fort Smith, AR 72903

Property Description

Grand colonial mansion, an income producing property, with 7,000 sq ft, 9 bedrooms and 9 bathrooms, built in 1950. Tons of charm. Previously a success Bed and Breakfast until 2021. Currently, the individual private suites are being rented (6 available, 1 coming soon, 1 for caretaker and 1 that still needs a minor update). Currently one downstairs is rented and out of the 3 unfinished units, 2 are downstairs). The home has a welcoming entry with grand staircase, huge living room with a fireplace, large dining area that we currently have 4 tables setup and a really cool game room upstairs with bar area. The kitchen is beautiful with custom cabinets, quartz countertops, island, Z-Line appliances (dishwasher, fridge and 48" double oven range with gas cooktop). 3 coffee bars. Game room has full size fridge, sink and microwave. The backyard has had weddings previously according to the prior owner. Nice koi pond. Recently sealed parking lot with approximately 10 parking spaces. There is additional parking space in front of the converted garages. Home comes fully furnished. Very little to no marketing has been done for this property and yet we have 50% occupancy year-to-date. Additional income could be added by adding 2 more rooms at minimal cost, leaving one room for yourself or a caretaker. The location is right in the heart of Fort Smith. Restaurants, shopping and hospitals all in the immediate area. The airport is 9 min away and UAFS is 4 min away. This did used to be a Bed and Breakfast for nearly 40 years. You will find it difficult to find another property in the area like this one. Don't let this opportunity pass you by! Also listed under Commercial listing #1084995.