622 S Wright Street, Siloam Springs, AR 72761
- $310,000
- 3,029
- SqFt
- List Price
- $310,000
- Status
- ACTIVE
- MLS#
- ARKMLS-1347919
- Sq. Ft
- 3,029
- Acres
- 0.28
- Year Built
- 1996
- Subdivision
- Cranes Add-Siloam Springs
Property Description
Excellent investment opportunity in Siloam Springs featuring +/- 3,029 SF across four rental units with strong income potential. The property includes two 1-bedroom, 1-bath units, one 2-bedroom, 1-bath unit, and one 3-bedroom, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three units are currently occupied, with one lease secured through October 1 and two operating month-to-month, while one unit is currently vacant, creating additional upside potential. Current rental rates range from $650 to $1,200/mo. Recent improvements include updated cabinetry in each unit. While the property does not feature central HVAC, all units are equipped with window air conditioning units. The property consists of a two-story residence and a detached home, offering a flexible layout for tenants. Conveniently located just 350' from S Mt. Olive and approx. 0.5 miles from US Hwy-412, the property offers convenient access to shopping, schools, and major transportation, making it an attractive Northwest Arkansas investment opportunity.
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Additional Information
- Taxes
- $2,978
- Style
- Traditional
- Roof
- Architectural, Shingle
- Appliances
- Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator
- Fencing
- Partial
- Foundation
- Crawlspace, Slab
- Basement
- None, Crawl Space
- Levels
- Two
- School District
- Siloam Springs
- Heating
- Other, Space Heater
- Cooling
- Window Unit(s)
Mortgage Calculator
Listing courtesy of Keller Williams Market Pro Realty Bentonville West. 479-330-1250