Turnkey Rental Package
*** ********* ***, ********, AR
17.95% return
SP:
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Property Description

Insane investment!! Great rental portfolio, total of 33 doors. Properties are turnkey and do not need any maintenance. Potential to increase rents. All renters are current. Low expenses. Tons of new development is coming to the area. 18% return on investment! Do not miss out on this one.

Property Information

  • Listing statusPending
  • Property typeMulti Family
  • Total units33
  • Total bedrooms46
  • Total bathrooms34
  • Building size(unknown)
  • Lot size0.5 acres
  • Year built1954 - 1981
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick, Frame
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral, Window Unit
  • CoolingCentral air, Window A/C

Property Financial Summary

  • Sale price $799,900
  • Estimated rehab 1 $0
  • Total investment $799,900
  • Type Proforma
  • Gross income (annually) $175,620
  • Operating expenses (annually) $32,034
  • Net income (annually) $143,586
  • Gross return 21.96%
  • Gross income (monthly) $14,635
  • Operating expenses (monthly) $2,670
  • Net income (monthly) $11,965
  • Net return 17.95%

Property Income & Expenses

  • Income
  • *** ********* ***
  • 1 bed / 1 bath $400/month $4,800/year
  • 4 bed / 2 bath $535/month $6,420/year
  • *** ********* ***, 4 units
  • Unit 1: 2 bed / 1 bath $575/month $6,900/year
  • Unit 2: 2 bed / 1 bath $575/month $6,900/year
  • Unit 3: 2 bed / 1 bath $575/month $6,900/year
  • Unit 4: 2 bed / 1 bath $575/month $6,900/year
  • *** ********* ***, 5 units
  • Unit 1: 1 bed / 1 bath $375/month $4,500/year
  • Unit 2: 1 bed / 1 bath $375/month $4,500/year
  • Unit 3: 1 bed / 1 bath $375/month $4,500/year
  • Unit 5: 1 bed / 1 bath $375/month $4,500/year
  • Unit 6: 1 bed / 1 bath $375/month $4,500/year
  • *** ********* ***, 6 units
  • Unit A: 1 bed / 1 bath $375/month $4,500/year
  • Unit B: 1 bed / 1 bath $375/month $4,500/year
  • Unit C: 1 bed / 1 bath $375/month $4,500/year
  • Unit D: 1 bed / 1 bath $375/month $4,500/year
  • Unit E: 1 bed / 1 bath $375/month $4,500/year
  • Unit F: 1 bed / 1 bath $375/month $4,500/year
  • *** ********* ***, 6 Units
  • Unit 1: 2 bed / 1 bath $575/month $6,900/year
  • Unit 2: 2 bed / 1 bath $575/month $6,900/year
  • Unit 3: 2 bed / 1 bath $575/month $6,900/year
  • Unit 4: 2 bed / 1 bath $575/month $6,900/year
  • Unit 5: 2 bed / 1 bath $575/month $6,900/year
  • Unit 6: 2 bed / 1 bath $575/month $6,900/year
  • *** ********* ***, 8 units
  • Unit G: 1 bed / 1 bath $375/month $4,500/year
  • Unit H: 1 bed / 1 bath $375/month $4,500/year
  • Unit I: 1 bed / 1 bath $375/month $4,500/year
  • Unit J: 1 bed / 1 bath $375/month $4,500/year
  • Unit K: 1 bed / 1 bath $375/month $4,500/year
  • Unit L: 1 bed / 1 bath $375/month $4,500/year
  • Unit M: 1 bed / 1 bath $375/month $4,500/year
  • Unit N: 1 bed / 1 bath $375/month $4,500/year
  • *** ********* ***, Duplex
  • Unit 1: 1 bed / 1 bath $400/month $4,800/year
  • Unit 2: 1 bed / 1 bath $425/month $5,100/year
  • Total $14,635/month $175,620/year
  • Expenses
  • Property Taxes $406/month $4,874/year
  • Insurance (estimated) $542/month $6,500/year
  • Water and Sewer $395/month $4,740/year
  • Lawn care $160/month $1,920/year
  • Maintenance reserve $1,167/month $14,000/year
  • Total $2,670/month $32,034/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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