*** ********* ***, ********, AR
15.05% return
SP:
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Property Description

AWESOME RENTAL PORTFOLIO!!! 

7 houses and a triplex!!! Very low crime rate. Low expenses. Separate electric meters. City water and sewer. FULLY OCCUPIED!! Potential to generate a 15.05% RETURN ON INVESTMENT!! 1 hour from Little Rock. Only $32k/per door! 

Property management and financing available!

Property Information

  • Listing statusCancelled
  • Property typeMulti Family (8 properties)
  • Total units10
  • Total bedrooms22
  • Total bathrooms11
  • Building size8499 sq. ft.
  • Lot size1.4 acres
  • Year built1940 - 1990
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick, Frame
  • RoofFIBRGLSS SHG, Asphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral, Wall unit, Window Unit
  • CoolingCentral air, Wall A/C, Window A/C

Property Financial Summary

  • Sale price$320,000
  • Estimated rehab1$0
  • Total investment$320,000
  • TypeProforma
  • Gross income (annually)$59,064
  • Operating expenses (annually)$10,892
  • Net income (annually)$48,172
  • Gross return18.46%
  • Gross income (monthly)$4,922
  • Operating expenses (monthly)$908
  • Net income (monthly)$4,014
  • Net return15.05%

Property Income & Expenses

  • Income
  • *** ********* ***
  • 2 bed / 1 bath$495/month$5,940/year
  • 2 bed / 1 bath$495/month$5,940/year
  • 2 bed / 1 bath$495/month$5,940/year
  • 2 bed / 1 bath$495/month$5,940/year
  • 4 bed / 2 bath$599/month$7,188/year
  • 3 bed / 1 bath$525/month$6,300/year
  • 3 bed / 1 bath$525/month$6,300/year
  • *** ********* ***, Main
  • Unit 401: 2 bed / 1 bath$495/month$5,940/year
  • Unit 403: 1 bed / 1 bath$399/month$4,788/year
  • Unit 405: 1 bed / 1 bath$399/month$4,788/year
  • Total$4,922/month$59,064/year
  • Expenses
  • Property Taxes$135/month$1,622/year
  • Maintenance reserve$500/month$6,000/year
  • Water bill$60/month$720/year
  • Insurance (estimated)$63/month$750/year
  • Lawn care$150/month$1,800/year
  • Total$908/month$10,892/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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