$329,900

622 S Wright Street, Siloam Springs, AR 72761

  • 3,029 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1996
  • Property Lot Size Icon0.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $109/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

+/- 9% cap rate on actual financials! This excellent investment opportunity in Siloam Springs features a +/- 3,029 SF property with four fully occupied rental units. The property includes a mix of unit sizes: two 1-bed, 1-bath units, one 2-bed,1-bath unit, and one 3-bed, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three of the units have contracted leases, while one operates on a month-to-month basis, with rental rates ranging from $600 to $1,100/mo. Each unit's cabinets have recently been replaced. The property does not feature central air, each unit is equipped with a window unit. The property consists of a two-story home and a detached home. Conveniently located just 350 feet from S Mt. Olive St. and only 0.5 miles from US. Highway 412 and Harps Food Stores, this property provides easy access to local amenities and major roadways, making it an attractive option for investors.

Listing Status:
Active
Date Added:
March 18, 2025 at 05:00AM
Listing Office:
Keller Williams Market Pro Realty Bentonville West : 479-231-1355
MLS ID:
1301675
  • General: Ceiling Fan(s)None
  • Appliances: Electric OvenElectric RangeGas Water HeaterMicrowaveRefrigerator
  • Laundry: Washer HookupDryer Hookup
  • Basement: NoneCrawl Space
  • Flooring: CarpetCeramic TileVinyl
  • A/C: Window Unit(s)
  • Heating: OtherSpace Heater
  • Fireplace: None
  • General: Unpaved Driveway
  • Style: Traditional
  • Parking: On StreetNo Driveway
  • Roofing: ArchitecturalShingle
  • General: Stucco2CrawlspaceSlab
  • Road/Access: Public Road
  • HOA Amenities: Monthly
  • Originating MLS: ARKMLS
  • School District: Siloam Springs
  • County: Benton
  • Zoning: S-T-R: 06-17-33; CRANES ADD-SILOAM SPRINGS03-01801-000
  • Fencing: Partial
  • Utilities: Electricity AvailableNatural Gas AvailableSewer AvailableWater Available
  • Water: Public
  • Source: ARKMLS

This listing courtesy of Keller Williams Market Pro Realty Bentonville West

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Southside Elementary School

200 W Tulsa St, Siloam Springs, AR, 72761

Grades 3-4

0.18 miles away

S

Siloam Springs Middle School

1500 N Mount Olive St, Siloam Springs, AR, 72761

Grades 7-8

0.76 miles away

S

Siloam Springs High School Conversion Charter

700 N Progress Ave, Siloam Springs, AR, 72761

Grades 9-12

1.80 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.