*** ********* ***, ********, AR
22.82% return
SP:
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Building Duplex #1
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Property Description

12 units in Arkansas. ONLY $20K PER DOOR!! 

Tons of rental demand in the area! The city is dominated by agriculture-related industries, such as farm equipment sales, farm equipment repair, seed processing and sales, and fertilizer and chemicals production. Units needs some cosmetic rehab, but nothing major. Property will generate a 22.82% return after renovations! $80K INSTANT EQUITY!

Property management and financing available! 

Property Information

  • Listing statusActive
  • Property typeMulti Family (2 properties)
  • Total units12
  • Total bedrooms12
  • Total bathrooms12
  • Building size8344 sq. ft.
  • Lot size1.0 acres
  • Year built1989
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWALL/FLOOR FURN, Central
  • CoolingWindow A/C, Central air

Property Financial Summary

  • Sale price $240,000
  • Estimated rehab 1 $40,000
  • Total investment $280,000
  • Type Proforma
  • After repair value $360,000
  • Potential profit $80,000
  • Gross income (annually) $79,200
  • Operating expenses (annually) $15,316
  • Net income (annually) $63,884
  • Gross return 28.29%
  • Gross income (monthly) $6,600
  • Operating expenses (monthly) $1,276
  • Net income (monthly) $5,324
  • Net return 22.82%

Property Income & Expenses

  • Income
  • *** ********* ***, Duplex #1
  • Unit A: 1 bed / 1 bath $550/month $6,600/year
  • Unit B: 1 bed / 1 bath $550/month $6,600/year
  • *** ********* ***, Duplex #2
  • Unit A: 1 bed / 1 bath $550/month $6,600/year
  • Unit B: 1 bed / 1 bath $550/month $6,600/year
  • *** ********* ***, Quadplex #1
  • Unit A: 1 bed / 1 bath $550/month $6,600/year
  • Unit B: 1 bed / 1 bath $550/month $6,600/year
  • Unit C: 1 bed / 1 bath $550/month $6,600/year
  • Unit D: 1 bed / 1 bath $550/month $6,600/year
  • *** ********* ***, Quadplex #2
  • Unit 1: 1 bed / 1 bath $550/month $6,600/year
  • Unit 2: 1 bed / 1 bath $550/month $6,600/year
  • Unit 3: 1 bed / 1 bath $550/month $6,600/year
  • Unit 4: 1 bed / 1 bath $550/month $6,600/year
  • Total $6,600/month $79,200/year
  • Expenses
  • Property Taxes $131/month $1,576/year
  • Insurance (estimated) $250/month $3,000/year
  • Lawn care $70/month $840/year
  • Property Management $535/month $6,420/year
  • Maintenance reserve $250/month $3,000/year
  • Water, Sewer and Waste $40/month $480/year
  • Total $1,276/month $15,316/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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