*** ********* ***, ********, AR
11.00% return
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Property Description

CBS Triplex and Quad Package! Close to Little Rock, AR!! 

Fully occupied! Long term tenants. Separate electric meters. Owner pays water and gas. Properties are in good condition, no major deferred maintenance needed. BOOMING AREA! Potential to increase rents. Properties have the potential to generate an 11%+ return!! 

Property management and financing available!

Property Information

  • Listing statusPending
  • Property typeMulti Family
  • Total units7
  • Total bedrooms7
  • Total bathrooms7
  • Building size3206 sq. ft.
  • Lot size0.5 acres
  • Year built1968
  • County******** County
  • Subdivision********** *********
  • ConstructionCBS
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWall unit
  • CoolingWall A/C

Property Financial Summary

  • Sale price $225,000
  • Estimated rehab 1 $0
  • Total investment $225,000
  • Type Proforma
  • Gross income (annually) $37,800
  • Operating expenses (annually) $13,047
  • Net income (annually) $24,753
  • Gross return 16.80%
  • Gross income (monthly) $3,150
  • Operating expenses (monthly) $1,087
  • Net income (monthly) $2,063
  • Net return 11.00%

Property Income & Expenses

  • Income
  • Quadplex
  • Unit 1: 1 bed / 1 bath $450/month $5,400/year
  • Unit 2: 1 bed / 1 bath $450/month $5,400/year
  • Unit 3: 1 bed / 1 bath $450/month $5,400/year
  • Unit 4: 1 bed / 1 bath $450/month $5,400/year
  • Triplex
  • Unit 5: 1 bed / 1 bath $450/month $5,400/year
  • Unit 6: 1 bed / 1 bath $450/month $5,400/year
  • Unit 7: 1 bed / 1 bath $450/month $5,400/year
  • Total $3,150/month $37,800/year
  • Expenses
  • Property Taxes $141/month $1,687/year
  • Insurance (estimated) $125/month $1,500/year
  • Maintenance reserve $117/month $1,400/year
  • Property Management $280/month $3,360/year
  • Lawn care $25/month $300/year
  • Water, Sewer and Waste $350/month $4,200/year
  • Gas Utility Bill $50/month $600/year
  • Total $1,087/month $13,047/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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