101 West 17th Avenue, Pine Bluff, AR

12.40% return

SP: $65,000

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Property Description

Awesome Duplex!

Property is currently occupied at $550 per unit with potential to increase rents after cosmetic repairs. Tons of exciting developments are coming to the area, including a casino and a resort. 12.40% NET RETURN ON INVESTMENT WITH $15K INSTANT EQUITY AFTER RENOVATIONS!!! Reliable contractor is on stand-by.

Financing and property management is available.

Property Information

Listing statusSold
Property typeMulti Family
Total units2
Total bedrooms2
Total bathrooms2
Building size2074 sq. ft.
Lot size0.2 acres
Year built1980

CountyJefferson County
Subdivision
ConstructionBrick/Frame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingWindow Unit
CoolingWindow A/C

Property Financial Summary

Sale price$65,000
Estimated rehab¹$10,000
Total investment$75,000

TypeProforma
After repair value$90,000
Potential profit$15,000

Gross income (annually)$13,200
Operating expenses (annually)$3,899
Net income (annually)$9,301
Gross return17.60%

Gross income (monthly)$1,100
Operating expenses (monthly)$325
Net income (monthly)$775
Net return12.40%

Property Income & ExpensesMonthlyAnnual

Income

Unit 1: 1 bed / 1 bath$550/month$6,600/year
Unit 2: 1 bed / 1 bath$550/month$6,600/year
Total$1,100/month$13,200/year

Expenses

Property Taxes$33/month$400/year
Insurance (estimated)$107/month$1,279/year
Maintenance reserve$75/month$900/year
Property Management$110/month$1,320/year
Total$325/month$3,899/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.