$950,000
$1,000,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
4,212 SqFt
SOLD DATE : 01/06/2025
Key Details
Sold Price $950,000
Property Type Townhouse
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,212 sqft
Price per Sqft $225
Subdivision Fayetteville Outlots
MLS Listing ID 1284668
Sold Date 01/06/25
Construction Status 25 Years or older
HOA Y/N No
Year Built 1972
Annual Tax Amount $5,477
Lot Size 0.371 Acres
Acres 0.371
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
Location
State AR
County Washington
Community Fayetteville Outlots
Zoning N
Direction From I-49, take exit 64 towards Wedington drive and go east towards University of Arkansas campus. Turn left heading north on Garland Ave, then a quick right headed East onto Holly Street after the shopping center. The property is on the right/South side of Holly about half a block from Garland.
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Luxury Vinyl, Luxury VinylPlank
Appliance Dryer, Electric Cooktop, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Refrigerator, Range Hood
Exterior
Exterior Feature Concrete Driveway
Fence Partial
Community Features Near Schools, Shopping
Roof Type Asphalt,Shingle
Road Frontage Shared
Garage No
Building
Lot Description Cleared
Story 2
Foundation Slab
Level or Stories Two
Structure Type Brick
New Construction No
Construction Status 25 Years or older
Schools
School District Fayetteville
Others
Security Features Fire Alarm,Smoke Detector(s)
Special Listing Condition None
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4762 N Castlewood Lane, Fayetteville, Arkansas, 72764, United States