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304 NW J Street, Bentonville, AR 72712

$1,600,000
: 5,404
SqFt

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Sold Price: $1,600,000
List Price: $1,650,000
Closing Date: Dec 18, 2024
Status: CLOSED
MLS#: ARKMLS-1266742
Sq. Ft: 5,404
Acres: 0.33
Year Built: 1980
Subdivision: Fairview Heights Add Bentonville

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Property Description

Turnkey invest property currently yielding a 5.3% Cap with the potential of 6.9% Cap Rate due to increased bookings this year. Welcome to LOCAL AT COLER, a successful short-term rental community. This 6 units INTENTIONAL COMMUNITY has amazing outdoor spaces for large gatherings and a private Speakeasy/communal area. Local at Coler is located off NW 3rd Street on the connector street from downtown Bentonville to the Coler Trail head. You are a 6 minute bike ride from the square, 4 minute ride to Coler Mountain Bike Preserve and a 12 minute ride to Slaughter Pen. There are several places to eat with-in walking distance. The building was completely renovated in 2023 with new windows, mechanicals, flooring, appliances and more. Outback you will love the silo bar/grilling area with large firepit nestled in the hillside and trees. There is a wet weather creek and several secluded spots to enjoy mother nature while still being right in the middle of town. Ask for revenue worksheet attached in MLS.

(479) 657-6674

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Additional Information

Taxes: $3,404
Style: Contemporary
Roof: Asphalt, Shingle
Appliances: Dishwasher, Electric Range, Gas Water Heater, Refrigerator
Fencing: None
Foundation: Block, Slab
Basement: Finished
Levels: Two
Fireplace: Yes
School District: Bentonville
Heating: Central, Electric, Heat Pump
Cooling: Central Air