About 622 S Wright Street
+/- 9% cap rate on actual financials! This excellent investment opportunity in Siloam Springs features a +/- 3,029 SF property with four fully occupied rental units. The property includes a mix of unit sizes: two 1-bed, 1-bath units, one 2-bed,1-bath unit, and one 3-bed, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three of the units have contracted leases, while one operates on a month-to-month basis, with rental rates ranging from $600 to $1,100/mo. Each unit's cabinets have recently been replaced. The property does not feature central air, each unit is equipped with a window unit. The property consists of a two-story home and a detached home. Conveniently located just 350 feet from S Mt. Olive St. and only 0.5 miles from US. Highway 412 and Harps Food Stores, this property provides easy access to local amenities and major roadways, making it an attractive option for investors.
Features of 622 S Wright Street
| MLS® # | 1298519 |
|---|---|
| Price | $329,900 |
| Bedrooms | 7 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 3,029 |
| Acres | 0.28 |
| Year Built | 1996 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 622 S Wright Street |
|---|---|
| Subdivision | CRANES ADD-SILOAM SPRINGS |
| City | Siloam Springs |
| County | Benton |
| Province | AR |
| Postal Code | 72761 |
Amenities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Parking | No Driveway |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), None |
|---|---|
| Appliances | Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator |
| Heating | Other, Space Heater |
| Cooling | Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
| Basement | None, Crawl Space |
Exterior
| Exterior Features | Unpaved Driveway |
|---|---|
| Lot Description | Central Business District, Corner Lot, City Lot, Level |
| Roof | Architectural, Shingle |
| Construction | Stucco |
| Foundation | Crawlspace, Slab |
School Information
| District | Siloam Springs |
|---|
Additional Information
| Date Listed | February 13th, 2025 |
|---|---|
| Days on Market | 293 |
Listing Details
| Agent | Salmonsen Group Realtors |
|---|---|
| Office | Keller Williams Market Pro Realty Bentonville West |