Welcome to your investment opportunity in Walnut Ridge, Arkansas! This multi-family property offers a total of 24 units, conveniently divided into 4 sets of 6 units each, providing a lucrative rental income potential. Each unit features 2 bedrooms and 1 bathroom, perfect for accommodating tenants seeking comfortable and practical living spaces. The first set of 12 units, constructed just 8 years ago, boasts modern amenities and stylish finishes. With an ample size of 825 square feet per unit, these residences offer spacious layouts, complemented by elegant granite countertops in the kitchen. Moving on to the second set of 12 units, which are a mere 6 years old, tenants will enjoy a slightly larger living space, spanning 840 square feet per unit. These units offer contemporary designs and efficient layouts, catering to the needs of modern renters. Investors will appreciate the low maintenance aspect of these newer properties, allowing for a hassle-free ownership experience. Located in the charming community of Walnut Ridge, this multi-family property presents an attractive opportunity to capitalize on the growing demand for rental housing in the area. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a promising venture, this property offers the ideal combination of quality, convenience, and potential for long-term returns. Don't miss out on this chance to secure your foothold in the thriving rental market of Walnut Ridge, Arkansas. Schedule your viewing today!
Here is a great investment opportunity with 6 units. Just minutes from Walnut Ridge Main Street. 200 NE 2nd (Triplex 2 Bed, 1 Bath, 1000 square feet, monthly rent:950.00) Gross Income:$30,000-Taxes:$2524.75(same taxes/parcel number as 202 NE 2nd) 200 NE 2nd (Triplex 2 Bed, 1 Bath, 1000 square feet, monthly rent: $800.00) Gross Income: $29,700
Walnut Ridge is located in Arkansas. Walnut Ridge, Arkansas has a population of 5,392. Walnut Ridge is more family-centric than the surrounding county with 36.56% of the households containing married families with children. The county average for households married with children is 29.27%.
The median household income in Walnut Ridge, Arkansas is $39,784. The median household income for the surrounding county is $40,746 compared to the national median of $69,021. The median age of people living in Walnut Ridge is 37.4 years.
The average high temperature in July is 90.1 degrees, with an average low temperature in January of 26.9 degrees. The average rainfall is approximately 48.4 inches per year, with 4.8 inches of snow per year.
