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143 Green Valley Drive

Greenbrier, AR 72058
  • $1,800,000
  • STATUS: Active
  • ON SITE: 111 Days
  • MLS #: 20502206
$1,800,000
  • 30
    BEDS
  • 4.67
    ACRES
  • 15
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1991
Area:

School Information

Elementary School:
High School:
School District:
Offered by Burt Zinser of Compass RE Texas, LLC.: 214-727-2145.

Description

Agent-owned rental property has been successfully managed remotely, from Dallas since 2016. These stay full. 10 of the 15 have been renovated & upgraded over the last few years with ceramic or porcelain floors & a new bathrooms. The city has run a sewer line that this property could tie into enabling more units being built on the 4.67 acre property. It would be easy to build 30 new units for a total of 45. Rents average 900-1100 per month for a 2 bedroom apartment. With the increase in housing construction cost there is significant demand for rental property in this small town that is 15 minutes from Conway with it's 3 colleges and two hospitals. Tenants often live here and commute into Conway or Little Rock. This complex is popular with retired people as well which makes it easier to manage from afar as they are happy to communicate the going ons. Local real estate agents are happy to manage for 6% of gross if you don't want to. Seller is a licensee of the Texas Real Estate Commission

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cottage & Co Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Cottage & Co Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-20T15:27:59.983.
www.cottagecorealty.com/homes/146294264
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143 Green Valley Drive Greenbrier, AR 72058

  • Price: $1,800,000
  • Status: Active
  • On Site: 111 Days
  • MLS #: 20502206
30
Beds
15
Baths
0
½ Baths
4.67
Acres
1991
Built
Neighborhood:
Torro Park
County:
County in State Of Arkansas
Area:
Greenbrier
Elementary School:
Arkansas
High School:
Arkansas
School District:
Arkansas
Property Description
Agent-owned rental property has been successfully managed remotely, from Dallas since 2016. These stay full. 10 of the 15 have been renovated & upgraded over the last few years with ceramic or porcelain floors & a new bathrooms. The city has run a sewer line that this property could tie into enabling more units being built on the 4.67 acre property. It would be easy to build 30 new units for a total of 45. Rents average 900-1100 per month for a 2 bedroom apartment. With the increase in housing construction cost there is significant demand for rental property in this small town that is 15 minutes from Conway with it's 3 colleges and two hospitals. Tenants often live here and commute into Conway or Little Rock. This complex is popular with retired people as well which makes it easier to manage from afar as they are happy to communicate the going ons. Local real estate agents are happy to manage for 6% of gross if you don't want to. Seller is a licensee of the Texas Real Estate Commission
Exterior Features

Carport Spaces 0 Construction Brick Covered Spaces 0 Foundation Slab Lot Description ClearedFew TreesLrg. Backyard Grass Parking Or Garage ConcreteOff Street Parking Spaces 30 Pool On Property No Roof Asphalt

Interior Features

Appliances DishwasherElectric RangeElectric Water HeaterRefrigerator Attached Garage No Cooling Central AirElectric Fireplaces 0 Flooring CarpetCeramic TileLaminate Garage No Handicap YN No Heating CentralElectric Interior Features Other

Property Features

Building Area Source Appraiser Building Area Total 12500.00 Complex Name Valley View Construction Status Preowned Gross Annual Expenses 18000.00 Gross Annual Income 144000.00 HOA None Insurance Expense 5820 Levels One List MLSProvider Metrotex Association Of Realtors Municipal Utility District No Net Operation Income 126000 Operating Expense Includes GardenerInsuranceMaintenanceMaintenance GroundsNew TaxTrash Possession Closing/Funding Property Type Triplex Senior Community No Utilities City WaterElectricity ConnectedOutside City LimitsOverhead UtilitiesSepticSewer Available Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cottage & Co Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Cottage & Co Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-20T15:27:59.983.
 
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Cottage & Co Realty
4964 Burger Rd
Aubrey TX, 76227
Offered by Burt Zinser of Compass RE Texas, LLC.: 214-727-2145.