*** ********* ***, ********, AR
13.58% return
SP:
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Property Description

ALL IN ONE INVESTMENT!! 

10 apartments, laundromat, and a 3 bay car wash!! 90% occupied. Property will generate a 13.58% RETURN ON INVESTMENT! Your one-stop shop for coin laundry and a car wash, the only one in town. 

Property management and financing available!!

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units10
  • Total bedrooms10
  • Total bathrooms10
  • Building size6676 sq. ft.
  • Lot size0.4 acres
  • Year built2007
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWall unit
  • CoolingWall A/C

Property Financial Summary

  • Sale price $495,000
  • Estimated rehab 1 $0
  • Total investment $495,000
  • Type Proforma
  • Gross income (annually) $97,920
  • Operating expenses (annually) $30,700
  • Net income (annually) $67,220
  • Gross return 19.78%
  • Gross income (monthly) $8,160
  • Operating expenses (monthly) $2,558
  • Net income (monthly) $5,602
  • Net return 13.58%

Property Income & Expenses

  • Income
  • Laundry Income $1,250/month $15,000/year
  • Miscellaneous Income $1,250/month $15,000/year
  • Unit A1: 1 bed / 1 bath $500/month $6,000/year
  • Unit A2: 1 bed / 1 bath $570/month $6,840/year
  • Unit A3: 1 bed / 1 bath $570/month $6,840/year
  • Unit A4: 1 bed / 1 bath $600/month $7,200/year
  • Unit B1: 1 bed / 1 bath $570/month $6,840/year
  • Unit B2: 1 bed / 1 bath $570/month $6,840/year
  • Unit B3: 1 bed / 1 bath $570/month $6,840/year
  • Unit B4: 1 bed / 1 bath $570/month $6,840/year
  • Unit B5: 1 bed / 1 bath $570/month $6,840/year
  • Unit B6: 1 bed / 1 bath $570/month $6,840/year
  • Total $8,160/month $97,920/year
  • Expenses
  • Property Taxes $225/month $2,700/year
  • Insurance (estimated) $200/month $2,400/year
  • Electric bill $833/month $10,000/year
  • Lawn care $50/month $600/year
  • Water, Sewer and Waste $600/month $7,200/year
  • Maintenance reserve $200/month $2,400/year
  • Property Management $450/month $5,400/year
  • Total $2,558/month $30,700/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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