708 S Denver Avenue, Russellville, AR
13.15% return
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Property Description

Awesome Investment!! 

A+ Class area! Currently rented below market value. Property needs rehab, crew is in place! Nice city with population growth. Minutes away from Arkansas Tech University!!!! Tons of rental demand in the area. Properties will generate an amazing return on investment once complete. Will appraise for $250k+ after repairs!!

Financing and property management is available. 

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units4
  • Total bedrooms4
  • Total bathrooms4
  • Building size2256 sq. ft.
  • Lot size0.0 acres
  • Year built1930
  • CountyPope County
  • SubdivisionTORRENCE ADDN
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $120,000
  • Estimated rehab 1 $60,000
  • Total investment $180,000
  • Type Proforma
  • After repair value $250,000
  • Potential profit $70,000
  • Gross income (annually) $31,200
  • Operating expenses (annually) $7,537
  • Net income (annually) $23,663
  • Gross return 17.33%
  • Gross income (monthly) $2,600
  • Operating expenses (monthly) $628
  • Net income (monthly) $1,972
  • Net return 13.15%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / 1 bath $650/month $7,800/year
  • Unit 2: 1 bed / 1 bath $650/month $7,800/year
  • Unit 3: 1 bed / 1 bath $650/month $7,800/year
  • Unit 4: 1 bed / 1 bath $650/month $7,800/year
  • Total $2,600/month $31,200/year
  • Expenses
  • Property Management $210/month $2,520/year
  • Maintenance reserve $125/month $1,500/year
  • Insurance $208/month $2,500/year
  • Property Taxes $85/month $1,017/year
  • Total $628/month $7,537/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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