515 S Washington Street
Siloam Springs, AR 72761 · MLS 1366842
Property details
- Price
- $399,900
- Square feet
- 2,637
- Lot size
- 0.52 acres
- Year built
- 1920
- Type
- Residential
- Status
- Active
- Days on market
- 5
- Subdivision
- Carters Add Siloam Spgs
- County
- Benton
- MLS number
- 1366842
About this property
Historic farmhouse compound on a half-acre lot with mature oaks, steps from Chautauqua Park, the library, and historic downtown Siloam Springs. Three separate rentals on one parcel: a 3 bed/2 bath main house, a 1 bed/1 bath suite, and a detached 2 bed barndominium, 2,637 sq ft in total. Fully renovated with all new plumbing and modern systems throughout; original hardwood floors and ceilings refinished with the character left intact. Detached 2-car garage. Fully leased and cash flowing from day one with professional property management in place: $46,200 gross annual rent, $31,492 NOI, 7.88% cap rate at list price. Tenants are on 30-day notice, so a buyer can hold or reposition. A strong fit for a 1031 exchange.
Location
Features
- Appliances
- Dishwasher, Electric oven, Electric range, Gas cooktop, Gas water heater, Refrigerator, Washer
- Flooring
- Tile, Wood
- Lot features
- Central business district, Not in subdivision
- Utilities
- Cable available, Electricity available, Natural gas available, Phone available, Sewer available, Water available
- Roof
- Asphalt, Shingle