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Sold on 12/23/2021

79 Cr 141, Corning, AR 72422

  • $407,000

    Last sold 12/23/2021 for $260K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 79 Cr 141

Property type Multi-family
Neighborhood
Year built 2019
HOA fee $0/month
Lot size 1 Acre
Movoto estimate
Property description
*MASSIVE OPPORTUNITY to own a three year new, fully occupied and professionally managed,value added fourplex with a Cap rate of over 9%.Since new ownership has owned the property, rent has been increased by nearly $5000 annually as tenants are now responsible for their own,separately metered, electric. These 2 bed/1 bath units currently rent for $650/unit and have never remained vacant for longer than a week.Demand for quality rental units is extremely high in the Corning/Paragould.
Listed by
Listing Agent - Lisa Jackson
Listing Office - IMAGE Realty
Source: CAR MLS mls logo
MLS#21026581 • last updated 4 years ago
Movoto checked CAR MLS for data 13 minutes ago
Overview
Levels/Style Ranch
Status Sold
SqFt 3600
Type Multi-Family
SubType Fourplex
MLS # 21026581
Lot Size (Acres) 1
Annual Taxes 1751.66
Listing Agent Contact Lisa@imagerealty.net, 870-476-6362
Listing Office Contact 870-236-2121
Listing Office IMAGE Realty
New Construction? No
Year Built 2019
Listing Agent Lisa, Jackson
Buyer Agent Commisison % 2.5
Interior
Kitchen Free-Standing Stove, Microwave, Refrigerator-Stays
Flooring Concrete
Exterior
Foundation Slab
Exterior Metal/Vinyl Siding
Roofing Metal
Garage/ Parking Parking Pads, Four Car Or More
Lot Desc Level, Corner Lot
Amenities / Utilities
Utilities Sewer-Public, Water-Public, Electric-Co-op
Location
County Clay
Area CLAY COUNTY
Subdivision Corning
Directions HWY 62 W. RIGHT ON CR 141 PROPERTY ON THE RIGHT
Zoning RES
Multifamily Details
# of 1-Bath Units 4
2-BR: Max Rent 650
2-BR: Min Rent 650
Tenant Pays Electric
2Br # Of Units 4
Total # of Units 4
Expenses Include Taxes, Trash, Water/Sewer
Annual Operating Expenses 2400
Annual Income 31200
Lot/ Land Details
Road Surface Gravel, Paved
$407K
Range: $150K-$663K
Last 30 days 
  • Dec 2021
    mls logo MLS # 21026581
  • Dec 23, 2021 Sold
    $260,000 (-7.1%)
  • Aug 16, 2021 Listed
    $280,000 (+30.0%)
  • Oct 2020
    mls logo MLS # 20003081
  • Oct 30, 2020 Sold
    $215,320 (-6.4%)
  • Jan 27, 2020 Listed
    $230,000
  • 79 Cr 141
    $260K
  • Clay County
    —
  • 72422
    $125K +26% y/y
  • Corning
    $125K +17% y/y
No chart available
Statistics calculated by Movoto

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5/10
Park Elementary School
public Grades PK, K-4
Corning School District
N/A
Central Elementary School
public Grades 3-6
Corning School District
5/10
Corning Middle School
public Grades 5-8
Corning School District
7/10
Corning High School
public Grades 9-12
Corning School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Clay County
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