969 W Holly Street, Fayetteville, AR 72703
- $950,000
- 4,212
- SqFt
- Sold Price
- $950,000
- List Price
- $1,000,000
- Closing Date
- Jan 06, 2025
- Status
- CLOSED
- MLS#
- ARKMLS-1284668
- Sq. Ft
- 4,212
- Acres
- 0.37
- Year Built
- 1972
- Subdivision
- Fayetteville Outlots
Property Description
969 W Holly is a multifamily property located in core Fayetteville less than a mile from University of Arkansas campus and neighboring popular retail destinations at the corner of Garland and North. The property is comprised of eight one-bedroom, one-bathroom units. The seller deployed significant capital into each unit ranging from $10,000-15,000 replacing HVAC units, water heaters, and making unit upgrades. Most units have new Luxury Vinyl Plank floors and new countertops, as well as stainless steel appliances, upgraded cabinets, and updated bathrooms. The effective in-place rents are well below comp-supported rent premiums that can be achieved by completing unit upgrades where necessary, equating to a $200/mo upside on most units. Current ownership pays water/sewer/trash, but a new owner could bill these back to tenants and further increase NOI. Property can transact alongside it's 10-unit sister property less than a block away, 942 W Holly St, MLS #1284690
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Additional Information
- Taxes
- $5,477
- Roof
- Asphalt, Shingle
- Appliances
- Dryer, Electric Cooktop, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Refrigerator, Range Hood
- Fencing
- Partial
- Foundation
- Slab
- Levels
- Two
- School District
- Fayetteville
- Heating
- Central
- Cooling
- Central Air
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Listing courtesy of GREA-Global Realtor Estate Advisors Branch.
Selling Office: Non MLS Sales.