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1000 Walnut St

Newport AR 72112

2656 sq. ft.
0.12 ac.
Multi-Family
Currently for sale - view listing

Overview

Unique opportunity to acquire a 10-unit apartment building with significant rental upside and an attractive value-add profile. The property features a unique and efficient unit mix, with 2-bedroom, 1-bath units and eight individual rooms for rent. The property is currently generating $3,045 per month in rental income, while the projected rent roll at full occupancy is approximately $4,840 per month - representing $1,795 per month in additional potential rental income, or approximately $21,540 in annual upside. With multiple units and a diversified tenant mix, the property offers an investor an opportunity to increase cash flow through lease-up and rental-rate optimization. The existing configuration provides a broad range of housing options, from larger 2-bedroom units to more affordable 1-bedroom spaces. Whether you're an experienced multifamily investor, looking for a house hack, or looking to add your first apartment asset to your apartment asset to your portfolio, this property offers a compelling combination of existing income and meaningful upside. Please see the attachments for additional information.

Features

2656 sq. ft. floor area
0.12 ac. lot size
Multi-Family

Property history for 1000 Walnut St

2023
Sold
$155,000
29 Aug 2023
2022
Sold
$95,000
09 Nov 2022 by Sandra Honey, of Honey Realty & Ins., LLC
2020
Sold
$35,000
16 Dec 2020 by Desiree Cooley, of Compass Rose Realty

Happy sellers in Newport

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Local market activity for multi families in Newport

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