Back to search
5000 Allison Lane Fort Smith, AR $ 2,400,000
Share Save
$ 2,400,000 Get more info
5000 Allison Lane
$ 2,400,000
Back to search
Share Save

5000 Allison Lane

Fort Smith, AR, 72901
$ 2,400,000
Baths0.0 Sq 22,506

Monthly Estimate*

$ 14,374

5000 Allison Lane, Fort Smith, AR 72901 - Image 1
5000 Allison Lane, Fort Smith, AR 72901 - Image 2
5000 Allison Lane, Fort Smith, AR 72901 - Image 3
5000 Allison Lane, Fort Smith, AR 72901 - Image 4
5000 Allison Lane, Fort Smith, AR 72901 - Image 5
5000 Allison Lane, Fort Smith, AR 72901 - Image 6
5000 Allison Lane, Fort Smith, AR 72901 - Image 7
5000 Allison Lane, Fort Smith, AR 72901 - Image 8
5000 Allison Lane, Fort Smith, AR 72901 - Image 9
5000 Allison Lane, Fort Smith, AR 72901 - Image 10
5000 Allison Lane, Fort Smith, AR 72901 - Image 11
5000 Allison Lane, Fort Smith, AR 72901 - Image 12
5000 Allison Lane, Fort Smith, AR 72901 - Image 13
5000 Allison Lane, Fort Smith, AR 72901 - Image 14
5000 Allison Lane, Fort Smith, AR 72901 - Image 15
5000 Allison Lane, Fort Smith, AR 72901 - Image 16
5000 Allison Lane, Fort Smith, AR 72901 - Image 17
5000 Allison Lane, Fort Smith, AR 72901 - Image 18
5000 Allison Lane, Fort Smith, AR 72901 - Image 19
5000 Allison Lane, Fort Smith, AR 72901 - Image 20
5000 Allison Lane, Fort Smith, AR 72901 - Image 21
5000 Allison Lane, Fort Smith, AR 72901 - Image 22
5000 Allison Lane, Fort Smith, AR 72901 - Image 23
5000 Allison Lane, Fort Smith, AR 72901 - Image 24
5000 Allison Lane, Fort Smith, AR 72901 - Image 25
5000 Allison Lane, Fort Smith, AR 72901 - Image 26
5000 Allison Lane, Fort Smith, AR 72901 - Image 27
5000 Allison Lane, Fort Smith, AR 72901 - Image 28
5000 Allison Lane, Fort Smith, AR 72901 - Image 29
5000 Allison Lane, Fort Smith, AR 72901 - Image 30
5000 Allison Lane, Fort Smith, AR 72901 - Image 31
5000 Allison Lane, Fort Smith, AR 72901 - Image 32
5000 Allison Lane, Fort Smith, AR 72901 - Image 33
View a Virtual Tour
Studio

Multi-Family Home for sale in Fort Smith, AR

for $2,400,000. This 22,506 square foot home was built in 2003 on a lot size of 0.1445.

We are excited to have the opportunity to bring the Allison Lane Duplexes to the market. This 22 unit asset has a high ceiling and value that has yet to be realized. Located at 5000-5032 Allison Lane Fort Smith, AR 72901 is a well located duplex community near a plethora of retail and jobs. The unit mix consist of 22 3 bed/2 bath units with 1023 SF, laundry hookups, central HVAC and vinyl plank/tile flooring throughout. This B-Class asset is being purchased below replacement cost and is stabilized at 100% occupancy. There is significant upside to be realized through lease renewals. Based on our market research, we are seeing similar units rent for a $418 premium. A Buyer has a clear path to raise rent conservatively and add value to the community with light upgrades to the units and exterior. The growth of Fort Smith and Chaffee Crossing will afford an opportunity to capitalize.

See more
Multi-Family Active

Price

$ 2,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,378

Style

Apartment

Lot Size

0.1445

Year Built

2003

Town/City

Fort Smith

County/Region

Sebastian

MLS | Web ID

1075002
Features
General
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities ElectricityAvailable SewerAvailable WaterAvailable
Roof Architectural Shingle
Appliances ElectricWaterHeater
Exterior Features ConcreteDriveway
Patio/Porch Features Patio
Security Features None
Construction Materials Brick
Year Built 2003
Stories 1
Levels One
Property SubType Apartment
Gross Income 206448.0
Community Features NearSchools Shopping
County Sebastian
New Construction N
Property Type Residential
Home Owner Assoc N
Attached Garage N
Subdivision Name Southtown
Garage Y/N N
Special Listing Conditions None
Status Active
Directions Located next to Carnall Elementary
City Fort Smith
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 0
Lot Size Units Acres
Private Pool N
Waterfront Y/N N
Carport Y/N N
Electric On Property Y/N N
Land Lease Y/N N
Tax Annual Amount 1378.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/5000-Allison-Lane-Fort-Smith-AR-72901/unbranded
Standard Status Active
Tax Lot 1
Property Sub Type Additional Apartment MultiFamily
Legal Description SOUTHTOWN 2-A LOT 1
See more
Interior
Flooring CeramicTile Laminate SimulatedWood
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N N
Laundry Features ElectricDryerHookup
See more
Exterior
Fencing None
Parking Features Assigned
Lot Features CityLot Subdivision
Water Source Public
Lot Size Area 0.1445
Foundation Details BrickMortar
Spa N
Lot Dimensions .
Lot Size Acres 0.1445
Covered Spaces 0.0
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
Street Number 1 5000
See more
* Excluded Features
List By
Harmon Real Estate Company

Broker

joshua@harmonrealestatecompany.com

Email

Affordability Calculator

$14,489
Per Month
99%
1%
0%
Monthly Principal & Interest
$14,374
Monthly Property Taxes
$115
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2624201 Elementary School
2624346 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/6/2024$2,400,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

5000 Allison Lane, Fort Smith, AR, 72901 is a Multi-Family Home for sale at $2,400,000 with 22,506 sqft and a lot size of 0.1445. 5000 Allison Lane is a studio with 0.0 baths and was built in 2003. The property's zip code is 72901 which is in Fort Smith, AR

Get more info