100% occupied with average tenants of over 2.5 years. Great investment opportunity with immediate cash flow. Numerous capital improvements including new roof and new septic in 2018, plus several unit remodels. Owner being transferred to East Coast and can't continue to manage.
Features
Property Type: Multi Family Home
Sub Type: Apartments
Listing Status: Active
County/Area: White County
Zip Code: 72143
Year Built: 1973
Subdivision/Neighborhood: 16-7-7 Searcy Outlots
Style: Traditional
Stories: One Story
Units: 12 units
Lot Size: 2.2 acres
Listing Office: Cbrpm Hot Springs
Zoning: Comm. Impr
1ba # Of Units: 11
1br # Of Units: 11
1br Maximum Rent: 380
1br Minimum Rent: 335
2ba # Of Units: 1
2br # Of Units: 1
2br Maximum Rent: 410
2br Minimum Rent: 410
Annual Expenses: 10435
Annual Income: 50340
Approx Lot Size: 2.2 Acres
Ceiling: Sheet Rock
Energy Features: Attic Vent-Turbo
Expenses Include: Taxes, Insurance, Maint./Lawn Care, Utilities, Trash, Water/Sewer, Pest Control
Exterior: Brick, Metal/Vinyl Siding
Floors: Partial Carpet, Tile, Wood
Foundation: Slab
Heating And Air Cond: Central Cool-Electric, Central Heat-Gas
Inside City Limits: Yes
Kitchen Equipment: Built-In Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Lease Type: Semi-Annually
Lot: Level, Rural Property, Cleared, In Subdivision