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
  • SubdivisionAUSTIN & TAYLOR ADDITION
  • ConstructionBrick
  • RoofSHINGLE
  • 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 / bath $400/month
  • Unit 2: 1 bed / bath $400/month
  • Total $800/month
  • Expenses
  • Property Taxes $12/month
  • Insurance $158/month
  • Lawn care $20/month
  • Maintenance reserve $42/month
  • Total $232/month

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