$750,000
$799,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
5694/92 5668/66 5644/42 W Michael Cole Dr Fayetteville, AR 72704
1,728 SqFt
Key Details
Sold Price $750,000
Property Type Townhouse
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,728 sqft
Price per Sqft $434
Subdivision Mildred Lee Estates Ph 2
MLS Listing ID 1302554
Sold Date 07/15/25
Construction Status 25 Years or older
HOA Y/N No
Year Built 1973
Annual Tax Amount $1,414
Lot Size 1.780 Acres
Acres 1.78
Property Sub-Type Duplex
Property Description
This investment opportunity consists of 3 separate duplex buildings, offering a total of 6 rental units. Currently, 4 units are occupied, with the remaining 2 available for viewing. Each unit sits on its own individual parcel, with Duplex #3 having the largest lot. All units are the same floor plan, offering 2 bedrooms and 1 bathroom, as well as an attached carport.
At present, all four tenants are on month-to-month leases and are interested in continuing to rent. The current rents are $775 for three of the units and $1050 for the fourth with reasonable expectation that rents could increase. Each unit has its own unique specifications, including differences in roof and HVAC age, as well as varying degrees of updates. A detailed list of these features can be provided upon request. Note that the painted paneling pics are from Duplex 3 and wood paneling from Duplex 2. For a better understanding of the layout and the parcels, be sure to ask for the video tour, which includes aerial footage of the property.
Location
State AR
County Washington
Community Mildred Lee Estates Ph 2
Direction Merge onto I-49 S toward Fayetteville, Take exit 64 for Wedington Dr toward AR-16 W/AR-112 E 0.3 mi, Turn right onto AR-16 W/W Wedington Dr 2.6 mi, Turn left onto W Michael Cole Dr. Destination will be at end of the road at cul de sac
Interior
Interior Features None
Heating Gas
Cooling Central Air, Electric
Flooring Carpet, Ceramic Tile, Luxury Vinyl Plank
Appliance Electric Oven, Electric Range, Gas Water Heater, Refrigerator
Exterior
Exterior Feature Concrete Driveway
Fence None
Community Features Biking, Near Hospital, Near Schools, Shopping, Trails/Paths
Roof Type Asphalt,Shingle
Street Surface Paved
Road Frontage Shared
Building
Lot Description Central Business District, Cleared, Cul-De-Sac, Level
Story 1
Foundation Slab
Level or Stories One
Structure Type Brick
New Construction No
Construction Status 25 Years or older
Schools
School District Farmington
Others
Special Listing Condition None
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with REMAX Real Estate Results
GET MORE INFORMATION