*** ********* ***, ********, AR
13.68% return
LP:
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Property Description

Great investment opportunity. Amazing returns on investment. Property is fully occupied with great renters. Separate electric meters. Solid construction. Great curb appeal. Property is renovated, no deferred maintenance is required. Big casino is coming to the area. Area is in desperate need of investors and housing. Do not miss out on this opportunity. The prices will go up. Be one of the first investors in the area.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units6
  • Total bedrooms12
  • Total bathrooms6
  • Building size4828 sq. ft.
  • Lot size0.4 acres
  • Year built1994
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick/Frame
  • RoofCOMPOSITION SHINGLE
  • Water sourceCity
  • Water disposalSewer
  • HeatingWall unit
  • CoolingWALL UNIT

Property Financial Summary

  • Asking price $199,900
  • Estimated rehab 1 $0
  • Total investment $199,900
  • Type Proforma
  • Gross income (annually) $36,000
  • Operating expenses (annually) $8,661
  • Net income (annually) $27,339
  • Gross return 18.01%
  • Gross income (monthly) $3,000
  • Operating expenses (monthly) $722
  • Net income (monthly) $2,278
  • Net return 13.68%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $500/month $6,000/year
  • Unit 2: 2 bed / 1 bath $500/month $6,000/year
  • Unit 3: 2 bed / 1 bath $500/month $6,000/year
  • Unit 4: 2 bed / 1 bath $500/month $6,000/year
  • Unit 5: 2 bed / 1 bath $500/month $6,000/year
  • Unit 6: 2 bed / 1 bath $500/month $6,000/year
  • Total $3,000/month $36,000/year
  • Expenses
  • Property Taxes $124/month $1,485/year
  • Insurance $250/month $3,000/year
  • Lawn care $60/month $720/year
  • Electric bill $38/month $456/year
  • Maintenance reserve $250/month $3,000/year
  • Total $722/month $8,661/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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