109 West 17th Avenue, Pine Bluff, AR
18.72% return
SP:
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Property Description

HANDYMAN SPECIAL!!

Beautiful duplex!!! Hidden gem. Property needs cosmetic repairs. Brick, high quality construction, separate electric meters, city water and sewer. Tons of exciting developments are coming to the area, including a casino and a resort. 18.72% NET RETURN ON INVESTMENT WITH 30% 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 bedrooms4
  • Total bathrooms2
  • Building size2967 sq. ft.
  • Lot size0.2 acres
  • Year built1924
  • CountyJefferson County
  • SubdivisionGIBSON ADD
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingN/A
  • CoolingN/A

Property Financial Summary

  • Sale price $40,000
  • Estimated rehab 1 $30,000
  • Total investment $70,000
  • Type Proforma
  • After repair value $100,000
  • Potential profit $30,000
  • Gross income (annually) $18,000
  • Operating expenses (annually) $4,893
  • Net income (annually) $13,107
  • Gross return 25.71%
  • Gross income (monthly) $1,500
  • Operating expenses (monthly) $408
  • Net income (monthly) $1,092
  • Net return 18.72%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $750/month $9,000/year
  • Unit 2: 2 bed / 1 bath $750/month $9,000/year
  • Total $1,500/month $18,000/year
  • Expenses
  • Property Taxes $13/month $153/year
  • Insurance (estimated) $150/month $1,800/year
  • Maintenance reserve $125/month $1,500/year
  • Property Management $120/month $1,440/year
  • Total $408/month $4,893/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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