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.
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Listing Snapshot
Price
$399,900
Days On Site
3 Days
Bedrooms
N/A
Inside Area (SqFt)
2,637 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.52 Acres
Year Built
1920
MLS Number
1366842
Status
Active
Property Tax
$2,150
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Owner
Friends & Family
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Recent Activity
4 days ago
Listing first seen on site
4 days ago
Listing updated with changes from the MLS
General Features
Acres
0.52
Garage
Yes
Levels
Two
Parking
DetachedGarageOtherAsphalt
Property Sub Type
Multi Family
Security
Smoke Detector(s)
SqFt Total
2637
Style
Farmhouse, Historic Antique
Utilities
Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available
Water Source
Public
Interior Features
Appliances
DishwasherElectric OvenElectric RangeGas CooktopGas Water HeaterRefrigeratorWasherOven
Basement
Crawl Space
Cooling
Central AirElectric
Flooring
TileWood
Heating
Natural GasCentral
Window Features
Double Pane WindowsStorm Window(s)Wood Frames
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Exterior Features
Construction Details
Aluminum SidingWood Siding
Fencing
Partial
Patio And Porch
Porch
Roof
AsphaltShingle
Windows/Doors
Double Pane WindowsStorm Window(s)Wood Frames
Community Features
Additional Association Fee Frequency
Monthly
School District
Siloam Springs
Schools
School District
Siloam Springs
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Jason Lanker of Keller Williams Market Pro Realty - Siloam Springs
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