*** ********* ***, ********, AR
16.38% return
SP:
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1
Slideshow image 2

Property Description

AWESOME INVESTMENT!

Clean 16 unit apartment complex. Currently rented below market at $325/month but will easily rent for $400-450/month. Separate electric meters, city water and sewer. Will generate a 16%+ net return on investment. Tons of new development in the city.

Professional property management and financing is available!

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units16
  • Total bedrooms16
  • Total bathrooms16
  • Building size6500 sq. ft.
  • Lot size0.2 acres
  • Year built1964
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick/Frame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWall unit
  • CoolingWall A/C

Property Financial Summary

  • Sale price$385,000
  • Estimated rehab1$0
  • Total investment$385,000
  • TypeProforma
  • Gross income (annually)$76,800
  • Operating expenses (annually)$13,755
  • Net income (annually)$63,045
  • Gross return19.95%
  • Gross income (monthly)$6,400
  • Operating expenses (monthly)$1,146
  • Net income (monthly)$5,254
  • Net return16.38%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / 1 bath$400/month$4,800/year
  • Unit 2: 1 bed / 1 bath$400/month$4,800/year
  • Unit 3: 1 bed / 1 bath$400/month$4,800/year
  • Unit 4: 1 bed / 1 bath$400/month$4,800/year
  • Unit 5: 1 bed / 1 bath$400/month$4,800/year
  • Unit 6: 1 bed / 1 bath$400/month$4,800/year
  • Unit 7: 1 bed / 1 bath$400/month$4,800/year
  • Unit 8: 1 bed / 1 bath$400/month$4,800/year
  • Unit 9: 1 bed / 1 bath$400/month$4,800/year
  • Unit 10: 1 bed / 1 bath$400/month$4,800/year
  • Unit 11: 1 bed / 1 bath$400/month$4,800/year
  • Unit 12: 1 bed / 1 bath$400/month$4,800/year
  • Unit 13: 1 bed / 1 bath$400/month$4,800/year
  • Unit 14: 1 bed / 1 bath$400/month$4,800/year
  • Unit 15: 1 bed / 1 bath$400/month$4,800/year
  • Unit 16: 1 bed / 1 bath$400/month$4,800/year
  • Total$6,400/month$76,800/year
  • Expenses
  • Property Taxes$120/month$1,435/year
  • Insurance (estimated)$333/month$4,000/year
  • Water and Sewer$250/month$3,000/year
  • Waste Collection$110/month$1,320/year
  • Maintenance reserve$333/month$4,000/year
  • Total$1,146/month$13,755/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.

Unlock address

This is a premium off-market property. In order to unlock the address, you will need to sign a non-disclosure agreement. Please sign up or sign in into your account to get started.

Sign InSign Up

Property Tools

 Print
Copyright by Real Pro, Inc 2024 . All Rights Reserved.
Terms & conditionsPrivacy policy