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96 School Street, Charleston, AR 72933

$2,195,000
: 11,000
SqFt

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List Price: $2,195,000
MLS#: 1091576
Status: ACTIVE
County: Franklin
City: Charleston
Subdivision: Maplewood
Living Area: 11,000
Acres: 1.39

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Property Description

Rarely does a multi-family package of this caliber and consistency become available in the River Valley. This high-performing portfolio in Charleston, AR, features 11 meticulously maintained units across four duplexes and one triplex. Every unit in the portfolio commands a strong market rent of $1,295/month, providing a stable Gross Annual Income of $170,940 The Assets: 4 Duplexes (8 - 1,000 sq/ft Units): Modern construction built in 2021, spacious layouts, and high tenant retention. 1 Triplex (3- 1,000/sq/fr Units): Centrally located and upon completion (2026) are expected to fill immediately at $1,295 per unit. Expansion Potential: The sale includes 2 build-ready lots that the developer will start building 1,000/sqft cottages on in 2027 plus a third lot capable of housing an additional 4 units. This allows the savvy investor to scale the portfolio immediately using existing infrastructure. This is a turnkey operation from day one. The owner currently provides water and high-speed internet, a strategy that has secured a 100% occupancy rate and a waitlist of prospective tenants. Charleston’s growing demand for quality housing and its top-tier school district make this a "legacy" asset for any portfolio. Whether you are looking for stable cash flow or a strategic "buy and build" project, this package offers the best of both worlds. Financials and rent rolls are available upon request to qualified buyers. Owner finance available

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Additional Information

Days on Market: 40
Year Built: 2021
Stories: 1
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Granite Counters
Cooling: Central Air
Heating: Central, Electric
Exterior Features: Concrete Driveway
Roof: Architectural, Shingle
Elementary School: Charleston
Middle School: Charleston
High School: Charleston