Agent-owned rental property has been successfully managed remotely, from Dallas since 2016. These stay full. 10 of the 15 have been renovated & upgraded over the last few years with ceramic or porcelain floors & a new bathrooms. The city has run a sewer line that this property could tie into enabling more units being built on the 4.67 acre property. It would be easy to build 30 new units for a total of 45. Rents average 900-1100 per month for a 2 bedroom apartment. With the increase in housing construction cost there is significant demand for rental property in this small town that is 15 minutes from Conway with it’s 3 colleges and two hospitals. Tenants often live here and commute into Conway or Little Rock. This complex is popular with retired people as well which makes it easier to manage from afar as they are happy to communicate the going ons. Local real estate agents are happy to manage for 6% of gross if you don’t want to. Seller is a licensee of the Texas Real Estate Commission
