70 Fields Street, Russellville, AR
13.99% return
SP:
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Property Description

Awesome Investment!! 

6 units on 4 acres. Fully occupied. Property needs some cosmetic improvements to increase rents. Fort Smith MSA is home to 270,000 residents. Tons of rental demand in the area. Properties will generate an amazing return on investment once complete. Potential to add more rental units. 

Financing and property management is available. 

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units6
  • Total bedrooms12
  • Total bathrooms10
  • Building size7076 sq. ft.
  • Lot size4.0 acres
  • Year built1976 - 1993
  • CountyPope County
  • Subdivision
  • ConstructionFrame
  • RoofAsphalt
  • Water sourceCity water
  • Water disposalSeptic
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $199,900
  • Estimated rehab 1 $0
  • Total investment $199,900
  • Type Proforma
  • Gross income (annually) $39,300
  • Operating expenses (annually) $11,327
  • Net income (annually) $27,973
  • Gross return 19.66%
  • Gross income (monthly) $3,275
  • Operating expenses (monthly) $944
  • Net income (monthly) $2,331
  • Net return 13.99%

Property Income & Expenses

  • Income
  • Duplex
  • Unit 1: 3 bed / 1 bath $800/month $9,600/year
  • Unit 2: 1 bed / 1 bath $525/month $6,300/year
  • MH
  • Unit : 2 bed / 2 bath $450/month $5,400/year
  • Triplex
  • Unit 3: 2 bed / 2 bath $500/month $6,000/year
  • Unit 4: 2 bed / 2 bath $500/month $6,000/year
  • Unit 5: 2 bed / 2 bath $500/month $6,000/year
  • Total $3,275/month $39,300/year
  • Expenses
  • Property Taxes $158/month $1,897/year
  • Property Management $328/month $3,930/year
  • Insurance $208/month $2,500/year
  • Maintenance reserve $250/month $3,000/year
  • Total $944/month $11,327/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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