613 N Myrtle, Pine Bluff, AR
22.37% return
LP:
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Property Description

Vacant single family home on a huge lot in need of a new owner. Great location. Needs Rehab and sell to a retail buyer or Rent for Income. Tons of rental demand in the area. Only 30 minutes away from Little Rock. Tons of farming and poultry industry in town. Not far from University of Arkansas. New Casino coming to town!

Property Information

  • Listing statusCancelled
  • Property typeSingle Family
  • Total bedrooms2
  • Total bathrooms1
  • Building size1064 sq. ft.
  • Lot size1.5 acres
  • Year built1956
  • CountyJefferson County
  • SubdivisionOak Park
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Asking price $19,500
  • Estimated rehab 1 $10,000
  • Total investment $29,500
  • Type Proforma
  • After repair value $39,900
  • Potential profit $10,400
  • Gross income (annually) $6,600
  • Operating expenses (annually) $0
  • Net income (annually) $6,600
  • Gross return 22.37%
  • Gross income (monthly) $550
  • Operating expenses (monthly) $0
  • Net income (monthly) $550
  • Net return 22.37%

Property Income & Expenses

  • Income
  • Entire property $550/month $6,600/year
  • Total $550/month $6,600/year
  • Expenses
  • No expense records for this property.
  • Total $0/month $0/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.

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