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Sold on 09/25/2024

508 S Cherry, Mena, AR 71953

$875,000

Last sold 09/25/2024

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 508 S Cherry

Property type Multi-family
Neighborhood
Year built 1979
HOA fee $0/month
Lot size 1.34 Acre
Property description
Investment opportunity. 24 (2) bedroom apartment complex. Laundry facility on site. 3 buildings of 8 units each, 4 up and 4 down. Creek at rear of property. Each unit has a covered patio with a storage closet. Living/dining combo with a galley kitchen. Each unit offers a range & refrigerator. Spacious bath. each metered for separate electric. which tenant pays. Agents see Associated Docs.
Listed by
Listing Agent - David Oates
Listing Office - Vision Realty
Source: CAR MLS mls logo
MLS#24021284 • last updated 2 years ago
Movoto checked CAR MLS for data 6 minutes ago
Overview
Levels/Style Traditional
Status Sold
SqFt 9504
Type Multi-Family
SubType Apartments
MLS # 24021284
Lot Size (Acres) 1.34
Annual Taxes 7378
Listing Agent Contact Davidoates@att.net, 479-394-1111
Listing Office Contact 479-394-1111, Davidoates@worldnet.att.net
Listing Office Vision Realty
New Construction? No
Year Built 1979
Listing Agent David, Oates
Interior
Kitchen Free-Standing Stove, Electric Range, Refrigerator-Stays, Exhaust Fan
Flooring Partial Carpet, Tile, Vinyl
Walls Sheet Rock
Interior Features Smoke Detector, Fan - Ceiling
Ceiling Sheet Rock
Exterior
Foundation Slab
Exterior Brick & Frame Combo
Roofing Composition
Garage/ Parking Assigned
Exterior Features Dumpster, Covered, Porch
Lot Desc Level, Creek, In Subdivision
Amenities / Utilities
Utilities Sewer-Public, Water-Public, Electric-Municipal, TV-Cable, Telephone-Private
Amenities Playground, Picnic Area
Location
County Polk
Area MENA
Subdivision Men-Ark Corp
Elementary School Mena
Middle School Mena
High School Mena
Directions On Cherry Between Hornbeck And Pine
Zoning C-1
Multifamily Details
# of 1-Bath Units 24
2-BR: Max Rent 550
2-BR: Min Rent 375
Tenant Pays Electric, Cable
2Br # Of Units 24
Total # of Units 24
Expenses Include None
Annual Income 117585
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Sep 2024
    mls logo MLS # 24021284
  • Sep 25, 2024 Sold
    $875,000 (-20.5%)
  • Sep 10, 2024 Under Contract
    —
  • Jun 17, 2024 Listed
    $1,100,000
  • Year Property taxes Tax assessment
  • 2024
    $7,378 +2.3%
    $173,200
  • 2023
    $7,212 +10.0%
    $173,200 +15.18%
  • 2022
    $6,556 -2.7%
    $150,370
  • 2021
    $6,737
    $150,370
  • 2020
    $6,737
    $150,370
  • 508 S Cherry
    $875K
  • Mena
    —
  • 71953
    $280K +14% y/y
  • Mena
    $280K +12% y/y
No chart available
Statistics calculated by Movoto

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N/A
Louise Durham Elementary School
public Grades PK, K-2
Mena School District
5/10
Holly Harshman Elementary School
public Grades 3-5
Mena School District
6/10
Mena Middle School
public Grades 6-8
Mena School District
5/10
Mena High School
public Grades 9-12
Mena School District
Source: GreatSchools.org © 2026. All rights reserved.

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