Introducing Warren Manor, a prime opportunity for astute real estate investors. This well maintained apartment complex in Warren, Arkansas has 32 units (4 Buildings), each designed for optimal rental income. Located in a high-demand area, Warren Manor offers a secure and lucrative investment option. It has a space within the 5 acre lot to build another apartment building. Rents are currently below market, so with a track record of strong cash flow and potential for long-term appreciation, this property is a valuable addition to any investment portfolio. New Roof (1 Year old), Washer/Dryer hookups in every unit. All Utilities are electric, no gas (Separate meters), Tenant pays all utilities, Playground, Management Office and Manager Apartment, Empty lot for adding another building or an open park, 14 Units have tenants on Section 8, Rents are currently below market, The management has a wait list of potential future tenants. See Agent Remarks
Type: Apartments
Multi-familyProperty Type
1999Year Built
5 acresLot Size
$85Price/Sq.Ft.
Listed by Sergio Convers• Capital Real Estate Advisors
Bought with Sergio Convers• Capital Real Estate Advisors
32 units, two story, 29,280 sq ft h/c, all electric, Warren Manor, playground, ample parking, 25' x 18' leasing office, Manager says rents could be raised. Currently renting $510 for 3 BR, $460 for 2 BR, and $310 for 1 BR. Currently 10 Section 8 vouchers; No problems keeping full occupancy. 5 acres goes into wooded area. Each unit has washer & dryer hook-up. Manager inspects on 9th of each month. New roof on buildings; 25 yr. shingles.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Lot width
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Bradley County
APN
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Basement
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HOA Dues
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Last updated by owner on Jun 7, 2023.
Property details
Parking
Parking Information
Garage: Parking Pads
Interior
Room Information
Kitchen Equipment: Built-In Stove, Electric Range
Interior Features
Washer Connection, Dryer Connection (Electric)
Floors: Vinyl, Laminate
Heating & Cooling
Central Cooling (Unspecified), Central Heat (Unspecified)
Multi-Unit Information
Tenant Expenses: All Utilities, Electric, Water, Sewer
Expenses Included: Maintenance/Lawn Care, Management, Trash, Electric, Water/Sewer
# of Units: 32
# of Units (1 Bath): 32
# of Units (1 Bedroom): 1
Minimum Rent (1 Bedroom): $475
Maximum Rent (1 Bedroom): $518
# of Units (2 Bedroom): 15
Minimum Rent (2 Bedroom): $540
Maximum Rent (2 Bedroom): $688
# of Units (3 Bedroom): 16
Minimum Rent (3 Bedroom): $600
Maximum Rent (3 Bedroom): $948
Exterior
Building Information
Exterior: Frame, Metal/Vinyl Siding
Foundation: Slab
Approx Building Sq. Ft.: 29,280
Exterior Features
Roof: Architectural Shingle
Road Surface: Paved
Property Features
Area Amenities: Playground, Picnic Area, Manager Office, Manager Apartment
Lot Information
Approx Lot Size: 217800
Approx Acreage: 5
Source of Acreage: Tax Records
Inside City Limits
Sq. Ft. Source: Tax Records
Lot Description: Level
Will Subdivide: No
Zoning: R7
Financial
Tax Information
Annual Taxes: $12,239
Source of Taxes: arcountydata.com
Tax Year: 2022
Lease/Rent Information
Lease Type: Yearly
Utilities
Utility Information
Utilities: Sewer (Public), Water (Public), Electric-Municipal
Location
Location Details
County: Bradley
City: Warren
Subdivision: Warren
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Bradley County
APN: —
Home facts updated by county records on Jun 7, 2023
Around this home
Schools
Eastside Elementary School
Public K-3 • Assigned • 1.2mi
3/10
Warren Middle School
Public 6-8 • Assigned • 1.5mi
6/10
Warren High School
Public 9-12 • Assigned • 1.5mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 110° expected this year, 20 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Warren, AR • 71671
Average low and high temperatures (°F)
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Sun exposure
In this area, properties receive around 10.7 hours in
June and 5.1 hours in December, placing it above the
U.S. average for solar exposure.
10.7 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
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