622 S Wright Street

Property details

Price

$310,000

Square feet

3,029

Lot size

0.28 acres

Year built

1996

Type

Residential

Status

Active

Days on market

174

Subdivision

CRANES ADD-SILOAM SPRINGS

County

Benton

MLS number

1347919

About this property

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.

Location

Features

Appliances

Electric oven, Electric range, Gas water heater, Microwave, Refrigerator

Flooring

Carpet, Tile, Vinyl

Lot features

Central business district, Corner lot, City lot, Level

Utilities

Electricity available, Natural gas available, Sewer available, Water available

Roof

Architectural, Shingle