195 Cr 137 Corning, AR $ 995,000
195 Cr 137
$ 995,000
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195 Cr 137

Corning, AR, 72422
$ 995,000
Baths0.0 Sq 9,632

Monthly Estimate*

$ 6,950

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Studio

Multi-Family Home for sale in Corning, AR

for $995,000. This 9,632 square foot home was built on a lot size of 1.5.

20-doors! Three all brick buildings on +/-1.5 acres. Take a look at this investment opportunity offering not only a solid income stream but also the potential for expansion. Positioned near the future I-57 interstate, this complex is convenient for commuters, enhancing its desirability and long-term value. All 20 apartments were upgraded with new mini-split heating and air units in 2024, offering tenants comfort and energy efficiency. Additional revenue income from on-site coin-operated laundry. Room for value add and rate improvements. An additional +/- 1.0 acre with appproxmimatly 240 ft of highway frontage is available to purchase providing an excellent opportunity for further development, allowing you to capitalize on the demand for additional rental units or other business ventures.

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Multi-Family Active

Price

$ 995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,321

Style

Lot Size

1.5

Town/City

Corning

County/Region

Clay

MLS | Web ID

10112359

Features
Interior
Interior Features Built-Ins
# of 2 Bedroom Units 0
# of 1 Bedroom Units 0
# of 3 Bedroom Units 0
Full Baths 0
Half Baths 0
3/4 Baths 0
Total Bedrooms 0
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Exterior
Lot Description Level Shade Trees
Exterior Brick
Sewer/Septic City Sewer
Lot Size Acres 1.5000
Lot Size Units Acres
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General
Possession At Closing
Roof 3-Tab Shingles Metal
Flood Zone No
Garage Spaces 0.0
Year Built 0
Water Supply City
Subdivision Westwood
Stories 0
Number of Units 20
Levels One Level
Age 0
Property SubType Apartments
Auction No
Transaction Type Sale
Tax Year 2022
County Clay
Property Type Multi-Family
Short Sale No
Close Price 0.00
Status Active
City Corning
Taxes 1321.00
MLS Area Corning
Lot Size Square Feet 65340.00
Street Name CR 137
High School Corning
Elementary School Corning
Lockbox Y/N None
Availability Date 1800-01-01
Jr High School Corning
Year Built Exception 0
Lease Type Net
Occupancy Description Tenant
Legal Description WESTWOOD ACRES ALL/1 Sec-Twp-Rng: 03-20-04
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Internal Only
Street Number 1 195
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* Excluded Features
List By
Kim Shelton

Listing Agent

Halsey Thrasher Harpole Real Estate Group

Broker

kim.shelton@hthreg.com

Email

Affordability Calculator

$7,060
Per Month
98%
2%
0%
Monthly Principal & Interest
$6,950
Monthly Property Taxes
$110
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3432547 Elementary School
3432548 Middle School
Corning High School High School
Pricing History
DatePricePrice ChangeDescription
2/28/2024$995,000 -23.17% Price Down
2/7/2024$1,295,000 Listed Price

Map


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195 Cr 137, Corning, AR, 72422 is a Multi-Family Home for sale at $995,000 with 9,632 sqft and a lot size of 1.5. 195 Cr 137 is a studio with 0.0 baths. The property's zip code is 72422 which is in Corning, AR