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523 E Main, Cabot, AR 72023

  • $480,000

    Last sold date unavailable

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 523 E Main

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 0.39 Acre
Movoto estimate
Rental estimate
Property description
Newly updated 8 unit apartment complex, featuring all 2 bedroom, 1 bath units. The exterior has been recently updated with new windows, doors, siding, parking area, and roof, providing a fresh and modern look to the building. While the exterior is in pristine condition, the interior of the units are in need of updates, allowing the new owner the opportunity to put their own personal touch on each unit. The seller is firm on the list price and will not entertain anything less. Additionally, the seller will not offer any concessions, making this a great investment opportunity for those looking to add value through interior updates. Buyers must show POF or Approval from Lender with all offers.
Listed by
Listing Agent - Rhonda Gibson
Listing Office - Arkansas Homes & Land
Source: CAR MLS mls logo
MLS#24006397 • last updated 1 year ago
Movoto checked CAR MLS for data 7 minutes ago
Overview
Levels/Style Traditional
Status Sold
SqFt 6322
Type Multi-Family
SubType Apartments
MLS # 24006397
Lot Size (Acres) 0.39
Annual Taxes 2353
Listing Agent Contact Rhondafgibson@gmail.com, 501-605-2640
Listing Office Contact 501-941-0994
Listing Office Arkansas Homes & Land
New Construction? No
Year Built 1978
Listing Agent Rhonda, Gibson
Buyer Agent Commisison % 2
Interior
Kitchen Free-Standing Stove
Basement None
Flooring Luxury Vinyl
Walls Sheet Rock
Interior Features Hot Water Heater-Electric
Ceiling Sheet Rock
Exterior
Foundation Slab
Exterior Brick, Metal/Vinyl Siding
Roofing Composition
Garage/ Parking Parking Pads
Exterior Features Partially Fenced, Wood Fence
Lot Desc Level
Amenities / Utilities
Utilities Sewer-Public, Water-Public, Electric-Co-op
Green Features Insulated Doors, Insulated Windows
Location
County Lonoke
Area CABOT SCHOOL DISTRICT
Subdivision City Of Cabot
Directions Hwy 89S Turn Right At Light On S Lincoln Left On E Main Property Is On Right
Zoning R2
Multifamily Details
# of 1-Bath Units 8
2-BR: Max Rent 650
2-BR: Min Rent 575
Tenant Pays All Utilities
2Br # Of Units 8
Total # of Units 8
Expenses Include Taxes, Trash
Annual Operating Expenses 5000
Annual Income 55200
Lot/ Land Details
Road Surface Paved
  • May 2024
    mls logo MLS # 24006397
  • May 21, 2024 Under Contract
    —
  • May 12, 2024 Price Change
    $450,000 (-18.2%)
  • Apr 24, 2024 Back On Market
    —
  • Mar 19, 2024 Under Contract
    —
  • Mar 14, 2024 Back On Market
    —
  • Mar 1, 2024 Under Contract
    —
  • Feb 27, 2024 Listed
    $550,000

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Nearby homes for sale in Cabot, AR

  • Real Estate
  • AR
  • Lonoke County
  • Cabot
  • 72023
  • 523 E Main
$480K
Range: $393K-$566K
Last 30 days 
Rental est.: $969/month
Gross rent multiplier: 38.7
  • 523 E Main
    $450K
  • Cabot School District
    —
  • 72023
    $260K -5% y/y
  • Cabot
    $260K -5% y/y
No chart available
Statistics calculated by Movoto
6/10
Central Elementary School
public Grades PK, K-4
Cabot School District
6/10
Cabot Middle School South
public Grades 5-6
Cabot School District
6/10
Cabot Junior High South
public Grades 7-8
Cabot School District
7/10
Cabot High School
public Grades 9-12
Cabot School District
Source: GreatSchools.org © 2026. All rights reserved.
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The real estate listing data marked with this icon come from Cooperative Arkansas Realtors MLS Multiple Listing Service™ system. The IDX information is provided exclusively for consumers' personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.Information deemed reliable, but not guaranteed.
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