Helena AR- 32 Apartments - 25,120 sq ft- No back taxes
Great investment opportunity in Helena Arkansas
510 Beech St, 520 Beech St, 530 Beech St, 717 Porter St, 719 Porter St – Helena, AR 72342
32 One and Two Bedroom Apartments in 5 buildings totalling 25,120 sq ft
Excellent income potential when renovated
Sold with No back taxes
These properties occupy an entire block with the south side of the block open green area.
Solid well built buildings - Brick construction.
There is a good mix of apartment sizes with most being 2 bedroom units.
The buildings are solid and structurally sound, the brickwork is in good condition , the roof generally in good condition, property needs full rehab internally as it has been subject to copper theft and 530 Beech St has fire damage, but appeared to be limited to a small area of the attic, top floor and exterior, the remaining units are not affected by the fire.
Property layout:
510 Beech St. 18 units 13,620 sq ft
520 Beech St. 2 units 1,948 sq ft
530 Beech St. 4 units 4,030 sq ft
717 / 719 Porter St. 8 units 5,522 sq ft
TOTAL 32 units 25,120 sq ft
Excellent location
The neighbouring homes are nice, 2-story brick homes. the street is flat brick. Across
Porter St. is the public library. There is a convenient store/service station behind the property. Northeast to the property is mostly commercial and to the Southwest mostly residential.
Great Value
The average listing price for homes for sale in 72342 was $69,956 (Trulia.com)
Low Real Estate Taxes.
PROPERTY IS SOLD AS IS, WHERE IS - Sold with No Back Taxes
Property is sold on a Quit Claim Deed- Buyer assumes current taxes, liens and encumbrances (if any)
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit, auction premium and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment to be made within 2 weeks of the Auction close.
All bidders to do their due diligence. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
