*** ********* ***, ********, AR
17.51% return
SP:
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Property Description

INSANE DEAL!!! 

3 duplexes. ONLY $26k PER DOOR!!!!! Seperate electric, water and gas meters. Tenants pay all utilities!!! PROPERTIES WILL GENERATE A 17.51% NET RETURN ON INVESTMENT!!! Located in a major city. TONS OF UPSIDE!!! Sold AS IS, WILL NOT LAST!!!

Financing is available.

Property Information

  • Listing statusCancelled
  • Property typeMulti Family (2 properties)
  • Total units6
  • Total bedrooms10
  • Total bathrooms7
  • Building size4544 sq. ft.
  • Lot size0.3 acres
  • Year built1940 - 1947
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWall unit
  • CoolingWall A/C

Property Financial Summary

  • Sale price$160,000
  • Estimated rehab1$40,000
  • Total investment$200,000
  • TypeProforma
  • After repair value$250,000
  • Potential profit$50,000
  • Gross income (annually)$49,800
  • Operating expenses (annually)$14,773
  • Net income (annually)$35,027
  • Gross return24.90%
  • Gross income (monthly)$4,150
  • Operating expenses (monthly)$1,231
  • Net income (monthly)$2,919
  • Net return17.51%

Property Income & Expenses

  • Income
  • *** ********* ***, Duplex
  • Unit A: 2 bed / 2 bath$750/month$9,000/year
  • Unit B: 1 bed / 1 bath$650/month$7,800/year
  • *** ********* ***, Duplex #1
  • Unit 300: 1 bed / 1 bath$650/month$7,800/year
  • Unit 302: 2 bed / 1 bath$700/month$8,400/year
  • *** ********* ***, Duplex #2
  • Unit A: 2 bed / 1 bath$700/month$8,400/year
  • Unit B: 2 bed / 1 bath$700/month$8,400/year
  • Total$4,150/month$49,800/year
  • Expenses
  • Property Taxes$143/month$1,713/year
  • Insurance (estimated)$208/month$2,500/year
  • Maintenance reserve$375/month$4,500/year
  • Lawn care$90/month$1,080/year
  • Property Management$415/month$4,980/year
  • Total$1,231/month$14,773/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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