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11223 Morningside Dr, Shannon Hills, AR 72103

$1,400,000
•
  • 21

    bed

  • 10.5

    bath

  • 9,323

    Sqft ($150/Sqft)

Multi-family for sale 43 days

About 11223 Morningside Dr

Property type Multi-family
Neighborhood
Year built 1972
HOA fee $0/month
Lot size 0.35 Acre
Movoto estimate
Property description
Turnkey investment opportunity featuring eight occupied single-family rental homes offered as one package: 11223 Morningside Dr., Mabelvale—3 BR, 1.5 BA, 1,344 SF; 10025 Wilderness Rd.—3 BR, 2 BA, 1,547 SF; 6804 Fairfield Dr.—3 BR, 1 BA, 1,142 SF; 10 Portsmouth Dr.—2 BR, 1.5 BA, 900 SF; 4121 Arapaho Trl.—2 BR, 1.5 BA, 1,444 SF; 7500 Redwood Dr.—3 BR, 1 BA, 884 SF; 3601 Lilac Ter.—3 BR, 1 BA, 988 SF; and 14819 Arch St.—2 BR, 1 BA, 1,074 SF. All properties except Morningside are in Little Rock. The portfolio totals 21 bedrooms, 10.5 bathrooms and approximately 9,323 SF. Seller reports potential for future income growth as leases renew, subject to lease terms, required notices, housing-assistance guidelines and applicable law. Four homes participate in housing-assistance programs. Professionally managed. Several homes were renovated in 2017, 2022 or 2023, with approximately $139,000 in reported repairs and improvements. Several long-term tentants/leases extend into 2027, providing established income from day one. No reported HOA/POA fees or owner-paid monthly utilities. Package sale only; seller will not divide. Do not disturb tenants. Buyer to verify all information.
Listed by
Listing Agent - Madison I Ralph
Listing Office - LPT Selling Luxury
Source: CAR MLS mls logo
MLS#26036726 • last updated 1 month ago
Movoto checked CAR MLS for data 9 minutes ago
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Overview
Levels/Style Traditional, Contemporary
Status Active
SqFt 9323
Virtual Tour N/A
Type Multi-Family
SubType PKG Single Family
MLS # 26036726
Lot Size (Acres) 0.35
Annual Taxes 1125.42
Listing Agent Contact Madison@sellingluxuryar.com, 940-222-0528
Listing Office Contact 321-486-8644, Arbrokers@lptrealty.com
Listing Office LPT Selling Luxury
New Construction? No
Year Built 1972
Listing Agent Madison, Ralph
Interior
Kitchen Built-In Stove, Free-Standing Stove, Microwave, Gas Range, Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays, None
Flooring Luxury Vinyl, Tile, Vinyl
Interior Features Washer Connection, Dryer Connection-Gas, Dryer Connection-Electric, Hot Water Heater-Gas, Hot Water Heater-Electric, Smoke Detector, Other (see Remarks), Closet - Walk In
Exterior
Foundation Slab, Slab/Crawl Combination
Exterior Brick, Frame, Brick & Frame Combo, Metal/Vinyl Siding, Other (see Remarks)
Roofing Architectural Shingle
Garage/ Parking Carport, Garage, None, Parking Pads, Three Car, Two Car
Exterior Features Fully Fenced, Partially Fenced, Storage Building, Guttering, Patio, Covered, Porch
Lot Desc Sloped, Level, Zero Lot Line, Rural Property, In Subdivision, Not In Subdivision, Will Subdivide, Lake View, Common To Lake
Amenities / Utilities
Utilities Sewer-Public, Water-Public, Electric-Municipal, Electric-Co-op, Gas-Natural, Gas-Propane/Butane
Green Features Attic Vent-Electric, Insulated Doors, Insulated Windows, Other (see Remarks)
Amenities Other (see Remarks)
Location
County Saline
Area BRYANT
Subdivision Hollywood Heights
APN 880-02171-000
Directions Https://maps.app.goo.gl/ecg1BNb1G9Q8jLvp7
Multifamily Details
Unit 8 # Bedrooms 2
Unit 7: Rent 1300
Unit 8: Rent 1250
Unit 6 Rent 800
Unit 5: Rent 1150
Unit 3: Rent 900
Unit 4: Rent 875
Unit 4: # Bathrooms 1.5
Unit 4: SqFt 900
Unit 5: # Bedrooms 2
Unit 5: # Bathrooms 1.5
Unit 5: SqFt 1444
Unit 6 # Bedrooms 3
Unit 6 Baths 1
Unit 6: SqFt 884
Unit 8: SqFt 1074
Unit 8: # Bathrooms 1
Unit 7 Baths 1
Unit 7 # Bedrooms 3
Unit 7: SqFt 988
Unit 1: # Bedrooms 3
Tenant Pays All Utilities
Unit 2: SqFt 1547
# of 3-Bath Units 5
# of 2-Bath Units 3
Unit 2 Baths 2
Unit 1: SqFt 1344
Unit 2: # Bedrooms 3
Unit 1: # Bathrooms 1.5
Unit 3: # Bedrooms 3
Unit 3: # Bathrooms 1
2Br # Of Units 3
3Br # Of Units 5
Total # of Units 8
Expenses Include Taxes, Insurance, Utilities, Management, Electric, Gas, Water/Sewer, Pest Control, Other (see Remarks), None
Lot/ Land Details
Road Surface Paved
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  • Real Estate
  • AR
  • Saline County
  • Shannon Hills
  • 72103
  • 11223 Morningside Dr

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