*** ********* ***, ********, AR
12.28% return
LP:
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Property Description

Spacious Units! Property is in good condition, New Roof, recently painted, 6 Units have central A/C, separate water, electric and gas meters, which tenants are responsible for. Near Memphis & Fed Ex Distribution Center.

Property Information

  • Listing statusCancelled
  • Property typeMulti Family
  • Total units8
  • Total bedrooms12
  • Total bathrooms8
  • Building size2392 sq. ft.
  • Lot size0.3 acres
  • Year built1980
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofCOMPOSITION SHINGLE - WOOD FRAME/TRUSS
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral

Property Financial Summary

  • Asking price $210,000
  • Estimated rehab 1 $20,000
  • Total investment $230,000
  • Type Proforma
  • After repair value $300,000
  • Potential profit $70,000
  • Gross income (annually) $34,800
  • Operating expenses (annually) $6,557
  • Net income (annually) $28,243
  • Gross return 15.13%
  • Gross income (monthly) $2,900
  • Operating expenses (monthly) $546
  • Net income (monthly) $2,354
  • Net return 12.28%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $400/month $4,800/year
  • Unit 2: 2 bed / 1 bath $400/month $4,800/year
  • Unit 3: 2 bed / 1 bath $400/month $4,800/year
  • Unit 4: 2 bed / 1 bath $400/month $4,800/year
  • Unit 5: 1 bed / 1 bath $325/month $3,900/year
  • Unit 6: 1 bed / 1 bath $325/month $3,900/year
  • Unit 7: 1 bed / 1 bath $325/month $3,900/year
  • Unit 8: 1 bed / 1 bath $325/month $3,900/year
  • Total $2,900/month $34,800/year
  • Expenses
  • Property Taxes $165/month $1,977/year
  • Insurance $175/month $2,100/year
  • Maintenance reserve $167/month $2,000/year
  • Pest Control $40/month $480/year
  • Total $546/month $6,557/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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