2100 Sidney Street, Pine Bluff, AR

16.75% return

SP: $495,000

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Property Description

Amazing investment opportunity. 5 quadplexes, total of 20 units on one parcel. Property has newer roofs, newer parking lot. 100% occupancy, great tenants. No issues with the buildings whatsoever. Everyone is on a 6 month lease. Local property management is available. Located in the White Hall school district, very desirable area of Pine Bluff. These apartments stay full with a waiting list. Rents can be increased. Very low expenses. Tenants pay all utilities.

Property Information

Listing statusSold
Property typeMulti Family
Total units20
Total bedrooms24
Total bathrooms20
Building size9518 sq. ft.
Lot size0.0 acres
Year built1981

CountyJefferson County
SubdivisionLEITNER'S ADD #2
ConstructionFrame, Brick
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingWall unit
CoolingWall A/C

Property Financial Summary

Sale price$495,000
Estimated rehab¹$0
Total investment$495,000

TypeActual

Gross income (annually)$99,780
Operating expenses (annually)$16,868
Net income (annually)$82,912
Gross return20.16%

Gross income (monthly)$8,315
Operating expenses (monthly)$1,406
Net income (monthly)$6,909
Net return16.75%

Property Income & ExpensesMonthlyAnnual

Income

2100
Unit 5a: 1 bed / 1 bath$395/month$4,740/year
Unit 5b: 1 bed / 1 bath$395/month$4,740/year
Unit 5c: 1 bed / 1 bath$395/month$4,740/year
Unit 5d: 1 bed / 1 bath$395/month$4,740/year
2102
Unit 4a: 1 bed / 1 bath$395/month$4,740/year
Unit 4b: 1 bed / 1 bath$395/month$4,740/year
Unit 4c: 1 bed / 1 bath$395/month$4,740/year
Unit 4d: 1 bed / 1 bath$395/month$4,740/year
2104
Unit 3a: 2 bed / 1 bath$510/month$6,120/year
Unit 3b: 2 bed / 1 bath$510/month$6,120/year
Unit 3c: 2 bed / 1 bath$510/month$6,120/year
Unit 3d: 2 bed / 1 bath$510/month$6,120/year
2106
Unit 2a: 1 bed / 1 bath$395/month$4,740/year
Unit 2b: 1 bed / 1 bath$365/month$4,380/year
Unit 2c: 1 bed / 1 bath$380/month$4,560/year
Unit 2d: 1 bed / 1 bath$395/month$4,740/year
2108
Unit 1a: 1 bed / 1 bath$395/month$4,740/year
Unit 1b: 1 bed / 1 bath$395/month$4,740/year
Unit 1c: 1 bed / 1 bath$395/month$4,740/year
Unit 1d: 1 bed / 1 bath$395/month$4,740/year
Total$8,315/month$99,780/year

Expenses

Insurance$250/month$3,000/year
Waste Collection$242/month$2,907/year
Lawn care$300/month$3,600/year
Electric bill$53/month$635/year
Property Taxes$227/month$2,727/year
Maintenance reserve$333/month$4,000/year
Total$1,406/month$16,868/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.