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124 S College St
Mountain Home, AR 72653

Price Upon Request

Apartments For Sale  •  28,580 SF

Property Details

  • Property Type Apartments
  • Total Building Size 28,580 SF
  • Lot Size 1.34 AC
  • Building Class C
  • Year Built 1985
0 Transit Score
60 Walk Score

Highlights

College Manor is a fully leased, 33-unit property at 124 S College Street in Mountain Home, AR, offering strong cash flow and stable occupancy.
Property expanded in 2022 with 17 new units featuring new finishes and the remaining 16 can be upgraded to command higher rents.
Unit mix includes seven one-bed/one-bath, 10 two-bed/one-bath, and 16 two-bed/two-bath units, averaging 775 square feet, appealing to varied tenants.
Value-add potential via new renovations and billing changes with projected $200 to $400 rent increases to boost annualized NOI by approximately 20%.
Located near healthcare, education, and recreation, College Manor is surrounded by top amenities, professional hubs, and natural beauty in the Ozarks.
Mountain Home’s strong multifamily market had only 2.8% vacancy and 4.9% rent growth YOY in Q4 2024, backed by steady demand from various sectors.
Blake Baldocchi 469-351-1420 Partners
Blake Baldocchi 469-351-1420 Partners