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Sold on 12/21/2023

27 Ridge Ln, Mayflower, AR 72106

$166,000

Last sold 12/21/2023 for $1.01M

  • —

    bed

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    bath

Multi-family not for sale
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About 27 Ridge Ln

Property type Multi-family
Neighborhood
Year built 1974
HOA fee $0/month
Lot size 5.68 Acre
Movoto estimate
Rental estimate
Property description
This is a fantastic 30 unit apartment complex with room to build another building adding even more units. The complex features 8 - 1 bedroom units and 22 - 2 bedroom units. There is also onsite coin operated laundry with provides extra income. The property is only 20 minutes from Little Rock and only 15 minutes from Conway. Both of these cities provide many jobs making this apartment complex conveniently located for any perspective tenants. if you are looking for a value add real estate investment, this is the investment for you. with the potential of building another building this would be a real smart move.
Listed by
Listing Agent - David J Sutton
Listing Office - LPT Realty
Source: CAR MLS mls logo
MLS#23029015 • last updated 2 years ago
Movoto checked CAR MLS for data 20 minutes ago
Overview
Levels/Style Traditional
Status Sold
SqFt 15424
Virtual Tour N/A
Type Multi-Family
SubType Apartments
MLS # 23029015
Add'l Video Https://youtu.be/u-b1Lu3PXlg?si=Bjs8bPglopQ7u7oM
Lot Size (Acres) 5.68
Annual Taxes 1868.45
Listing Agent Contact David@Sutton-RealEstate.com, 501-658-7299
Listing Office Contact 501-291-3841, Keith@lptelite.com
Listing Office LPT Realty
New Construction? No
Year Built 1974
Listing Agent David, Sutton
Interior
Kitchen Free-Standing Stove
Basement None
Flooring Laminate, Luxury Vinyl, Partial Carpet, Tile
Interior Features Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Washer/Dryer-Comm. Out
Exterior
Foundation Slab
Exterior Block, Brick & Frame Combo
Roofing Architectural Shingle
Garage/ Parking Four Car Or More, Parking Pads
Exterior Features Dumpster
Lot Desc Level, Not In Subdivision, Out Of City
Amenities / Utilities
Utilities Septic, Water-Public
Location
County Faulkner
Area MAYFLOWER SCHOOL DISTRICT INCLUDING PCSSD IN FAULKNER COUNTY
Subdivision Not In List
Directions Arkansas River Trail... To Easterwood Point Road... To Ridge Lane... Apartments Will Be At The Top Of The Hill To The Left.
Zoning Muli Res
Multifamily Details
2-BR: Max Rent 665
2-BR: Min Rent 395
1-BR: Max Rent 525
Tenant Pays All Utilities
1-BR: Min Rent 400
2Br # Of Units 22
1Br # Of Units 8
Total # of Units 30
Expenses Include Insurance, Maint./Lawn Care, Management, Trash
Annual Operating Expenses 34131
Annual Income 144000
Lot/ Land Details
Road Surface Paved
$166K
Range: $122K-$209K
Last 30 days 
Rental est.: $626/month
Gross rent multiplier: 135.1
  • Dec 2023
    mls logo MLS # 23029015
  • Dec 21, 2023 Sold
    $1,015,000 (-24.8%)
  • Dec 7, 2023 Take Backups
    —
  • Sep 14, 2023 Listed
    $1,350,000
  • Year Property taxes Tax assessment
  • 2024
    $823
    $24,700 +55.93%
  • 2023
    $823 +56.4%
    $15,840
  • 2022
    $526 -37.1%
    $15,840
  • 2021
    $836 +1.6%
    $15,840 +1.6%
  • 2020
    $823
    $15,590
  • 2019
    $823
    $15,590
  • 2018
    $823
    $15,590
  • 2017
    $823 +62.0%
    $15,590 -3.41%
  • 2016
    $508 +0.4%
    $16,140
  • 2015
    $506
    —
  • 27 Ridge Ln
    $1.01M
  • Mayflower School District Including Pcssd In Faulkner County
    —
  • 72106
    $244K -8% y/y
  • Mayflower
    $244K -11% y/y
No chart available
Statistics calculated by Movoto

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

Around Mayflower School District Including Pcssd In Faulkner County

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