101 West 17th Avenue, Pine Bluff, AR
12.40% return
SP:
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Property Description

Awesome Duplex! 

Property is currently occupied at $550 per unit with potential to increase rents after cosmetic repairs. Tons of exciting developments are coming to the area, including a casino and a resort. 12.40% NET RETURN ON INVESTMENT WITH $15K INSTANT EQUITY AFTER RENOVATIONS!!!  Reliable contractor is on stand-by. 

Financing and property management is available.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units2
  • Total bedrooms2
  • Total bathrooms2
  • Building size2074 sq. ft.
  • Lot size0.2 acres
  • Year built1980
  • CountyJefferson County
  • Subdivision
  • ConstructionBrick/Frame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $65,000
  • Estimated rehab 1 $10,000
  • Total investment $75,000
  • Type Proforma
  • After repair value $90,000
  • Potential profit $15,000
  • Gross income (annually) $13,200
  • Operating expenses (annually) $3,899
  • Net income (annually) $9,301
  • Gross return 17.60%
  • Gross income (monthly) $1,100
  • Operating expenses (monthly) $325
  • Net income (monthly) $775
  • Net return 12.40%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / 1 bath $550/month $6,600/year
  • Unit 2: 1 bed / 1 bath $550/month $6,600/year
  • Total $1,100/month $13,200/year
  • Expenses
  • Property Taxes $33/month $400/year
  • Insurance (estimated) $107/month $1,279/year
  • Maintenance reserve $75/month $900/year
  • Property Management $110/month $1,320/year
  • Total $325/month $3,899/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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