7406 Ellis Street
Fort Smith, AR 72916
$299,000
7406 Ellis Street offers a rare investor opportunity in the heart of Chaffee Crossing. Originally part of historic Fort Chaffee, this former military barracks/office building is approved for conversion into three modern townhome-style residences and is being sold AS-IS for an investor or developer to purchase and complete. All permitting… Read More and architectural plans have been approved by the City of Fort Smith and will convey with the sale. Plans include elevated individual front porches with stair access, white exterior siding, black roofing, dedicated parking, composite decking, open living areas, kitchens with islands, updated baths, LVT flooring, and three separate residential units. Early estimates suggest approximately $150,000+/- may be needed for completion, subject to buyer verification. Contractor completion may be available at an additional cost. Projected short-term rental income of approximately $1,750 per unit could create strong cash flow potential and provide an attractive return on investment. Fort Chaffee carries a deep Arkansas legacy, from its military training roots to the famous Chaffee Barbershop where Elvis received his Army haircut. Today, Chaffee Crossing is being reimagined into one of Fort Smith’s most dynamic growth corridors, with ACHE, Heritage, Fort Smith Brewing, Conex Bar, trails, medical, manufacturing, industry, and new residential development creating momentum all around it. More than a renovation project, this is a chance to revive a piece of local history and turn it into income-producing housing in a district built for the future. Bring your vision, finish the project, and be part of the next chapter of Chaffee Crossing. Read Less
Courtesy of Team Shoppach, O'Neal Real Estate- Fort Smith 479-461-4190
Listing Snapshot
Days Online
13
Last Updated
Property Type
Triplex
Lot Size
0.19 Acres
Year Built
1940
MLS Number
1088979
Additional Details
Property Access
Road Surface Type: Paved
Building
Construction Materials: Steel, Living Area Source: Plans
Community
Community Features: Curbs
Foundation
Foundation Details: Slab
Income
Gross Income: $0
Lot
Parcel Number: 1
Parking
Parking Features: ParkingLot, Asphalt
Property
Property Condition: Fixer, ToBeBuilt, Property Sub Type: Triplex
Security Features
Security Features: None
Taxes
Tax Annual Amount: $1, Tax Block: 1, Tax Legal Description: 1, Tax Lot: 27A
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