Cheap Rental
3009 S Ash St, Pine Bluff, AR
15.18% return
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Property Description

Cheap CBS Duplex Located in Great Residential Area!! 17.08%+ net returns, after expenses! Each unit can be rented for $400-500 per month, Tenants pay all utilities. Very inexpensive property to own and maintain. Needs updating. Great rental market, tons of demand for apartments. New Casino development coming soon!

Property Information

  • Listing statusCancelled
  • Property typeMulti Family
  • Total units2
  • Total bedrooms2
  • Total bathrooms2
  • Building size882 sq. ft.
  • Lot size(unknown)
  • Year built1972
  • CountyJefferson County
  • ConstructionBrick
  • Water sourceCity
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWINDOW

Property Financial Summary

  • Asking price $39,900
  • Estimated rehab 1 $5,000
  • Total investment $44,900
  • Type Proforma
  • Gross income (annually) $9,600
  • Operating expenses (annually) $2,785
  • Net income (annually) $6,815
  • Gross return 21.38%
  • Gross income (monthly) $800
  • Operating expenses (monthly) $232
  • Net income (monthly) $568
  • Net return 15.18%

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
  • Total $800/month $9,600/year
  • Expenses
  • Property Taxes $12/month $145/year
  • Insurance $158/month $1,900/year
  • Lawn care $20/month $240/year
  • Maintenance reserve $42/month $500/year
  • Total $232/month $2,785/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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