969 W Holly Street Fayetteville, AR 72703
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
- Property TypeCondo
- NeighborhoodFayetteville Outlots
- CountyWashington
- Taxes$5,477
- HOA/Condo/Coop Fees$0
- Days on Site60 Days
- MLS StatusPending
- MLS ID Number1284668
- Home Size Source Appraiser
- Year Built1972
- Lot Size0.371 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Parking Parking Lot
- Number of Stories 22
- Acreage 0.371
- Security Fire AlarmSmoke Detector(s)
- Property Sub Type Apartment
- Foundation Slab
- Zoning N
Interior Features
- Cooling Central Air
- Heating Central
- Appliances DryerElectric CooktopGas CooktopDisposalGas OvenGas Water HeaterRefrigeratorRange Hood
- Flooring LaminateLuxury VinylLuxury Vinyl Plank
Exterior Features
- Roof AsphaltShingle
- Fencing Partial
- Exterior Concrete Driveway
Community Features
- Community Features Near SchoolsShopping
- Security Features Fire AlarmSmoke Detector(s)