Value Add Apartments
1600 Brentwood Dr, Pine Bluff, AR
21.82% return
LP:
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Property Description

Insane investment opportunity. Amazing returns on investment. Property needs TLC. Separate electric meters. Solid brick construction. Great curb appeal. Units are in need of TLC. No major issues with the property. Area is in desperate need of investors and housing. Do not miss out on this opportunity. The prices will go up. Be one of the first investors in the area.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units11
  • Total bedrooms22
  • Total bathrooms11
  • Building size8120 sq. ft.
  • Lot size0.4 acres
  • Year built1968
  • CountyJefferson County
  • SubdivisionBELMONT ADD SEC 2
  • ConstructionCBS
  • RoofFlat
  • Water sourceCity
  • Water disposalSewer
  • HeatingWall unit
  • CoolingWall A/C Units

Property Financial Summary

  • Asking price $220,000
  • Estimated rehab 1 $40,000
  • Total investment $260,000
  • Type Proforma
  • After repair value $330,000
  • Potential profit $70,000
  • Gross income (annually) $71,400
  • Operating expenses (annually) $14,655
  • Net income (annually) $56,745
  • Gross return 27.46%
  • Gross income (monthly) $5,950
  • Operating expenses (monthly) $1,221
  • Net income (monthly) $4,729
  • Net return 21.82%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / bath $550/month
  • Unit 10: 3 bed / bath $600/month
  • Unit 11: 1 bed / bath $450/month
  • Unit 2: 2 bed / bath $550/month
  • Unit 3: 2 bed / bath $550/month
  • Unit 4: 2 bed / bath $550/month
  • Unit 5: 2 bed / bath $550/month
  • Unit 6: 2 bed / bath $550/month
  • Unit 7: 2 bed / bath $550/month
  • Unit 8: 1 bed / bath $450/month
  • Unit 9: 3 bed / bath $600/month
  • Total $5,950/month
  • Expenses
  • Property Taxes $181/month
  • Water and waste bill $250/month
  • Insurance $250/month
  • Maintenance reserve $500/month
  • Lawn care $40/month
  • Total $1,221/month

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 the 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.

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