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$450000   Price Analysis
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194 Fairview Rd
Searcy, AR 72143
Unknown bed None bath unknown SqFt ($0/SqFt)
5.0 acre lot.
Listed 2024-01-24, Taxes $13
USDA Eligible
near Searcy, AR
 

Property has solid income with the opportunity to increase value by paving the drive and filling the vacant pad.

* No Longer For Sale *
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No history of septic issues and was pumped and inspected in September. The fact that all but the stick-built home are tenant-owned via owner finance contracts means that the maintenance costs for the owner should be minimal. This is a extraordinary benefit for those looking to invest in a property with minimal upkeep and maintenance expenses. Overall, this property presents a grat investment opportunity for those looking to increase their portfolio and generate additional revenue.

The improvements mentioned have the potential to increase the value of the property and make it even more attractive to potential buyers in the future. Seller is willing to owner finance/carry a significant amount of the purchase price at the following terms: $300, 000.00 paid at time of closing via cash or third party financing. The remaining balance of $150, 000.00 paid monthly from Buyer to Seller at an interest rate of 8.5% amortized over 30 years to balloon in 5 years. Monthly principal and interest payments to be $1153.38


Presented by Bryton Crowell at
Coldwell Banker Village Communities.


Property MLS #24002362 from Carmls

Lot Description: Level
Lot Size Acres: 5.0
Lot Size Square Feet: 217800

Roads: Paved

Parking Features: Parking Pads

Number of Units: 9

Source Listing Status: Sold
County: White
Directions: Hwy 67 West, exit 48 for AR-385, Take AR-13 to Fairview Rd
Source Property Type: Multi-Family
Area: WHITE COUNTY (NW)
Source Neighborhood: Metes & Bounds
Subdivision: Metes & Bounds
Zoning: ?
Property Subtype: PKG Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$330 + $unknown
$330
$13
2021$330 + $unknown
$330
$13
2020$420 + $unknown
$420
$16
2018$420 + $unknown
$420
$16
2017$420 + $unknown
$420
$16
2016$420 + $unknown
$420
$16
2015$420 + $unknown
$420
$21
2014$540 + $unknown
$540
$21
2013$540 + $unknown
$540
$21
2012$540 + $unknown
$540
$21
2011$540 + $unknown
$540
$21
2010$540 + $unknown
$540
$21
2009$unknown + $unknown
$540
$21
2008$540 + $unknown
$540
$21
2007$540 + $unknown
$540
$21

Sold 2024-04-05
$450000
Carmls
Listing removed 2024-02-15
$0
NEArkansas
Listed 2024-01-24
$450000
Carmls
Listed 2024-01-23
$450000
NEArkansas

Septic
Water-Public
Electric-Municipal
Water Source: Water-Public

Foundation Details: Slab
Levels or Stories: One Story

Mcrae Elementary School is a public elementary school located approximately 1.6 miles away.
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Ahlf Junior High School is a public middle school located approximately 1.8 miles away.
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Searcy High School is a public high school located approximately 1.9 miles away.
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Crosspointe Preparatory is a private elementary, middle and high school located approximately 1.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.