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BEDS0
BATHS
SQUARE FEET1,035
MLS#26015388
STATUSNew Listing
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHigh Sierra
NEIGHBORHOODNORTH LITTLE ROCK (WEST/CRYSTAL HILL)
Property Description
INVESTOR OPPORTUNITY! Duplex with one unit leased at $600/month (month-to-month) and one unit vacant???ready for a new tenant. Each unit is approximately 500 sq ft (1,000 sq ft total) with garage and off-street parking. Tenants pay all utilities and handle lawn care for low-maintenance ownership. Recent updates include new gas water heaters, updated plumbing and electrical, and HVAC units approximately 4 and 6 years old. Roof is approximately 10 years old. Refrigerator and stove convey; washer/dryer belong to tenant. Current annual income is $14,400 with projected rents of $600???$650 per unit. Taxes approx. $1,066/year and insurance approx. $1,200/year. Estimated CAP RATE approximately 7%???8% based on projected rents and typical expenses.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central
Heating: Central Heat
Home Style: Traditional
Lot Size: 0.18 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $1,066
Year Built: 1966
Feature Descriptions
Appliance(s)/Kitchen Equipment: Free-Standing Stove, Surface Range, Refrigerator-Stays
Expenses Include: Taxes, Insurance
Exterior: Frame
Lot Dimensions: 0.18 acre(s)
Number of 1 Bathroom Unit(s): 2
Number of 1 Bedroom Unit(s): 2
Parking Notes: Garage, Two Car
Sewer: Public Sewer
Units: 2
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: Moore and Company Realtors - Conway
Agency Phone: 501-358-6762
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Arkansas MLS
Estimate Your Payment
Estimated Payment
$ 437.47 per month $308.24 Principal & Interest $88.83 Property Tax $40.40 Homeowner's Insurance
421 Sierra Madre Drive | MLS# 26015388
This multi-family property located at 421 Sierra Madre Drive, North Little Rock, AR 72118 is currently listed for sale with an asking price of $138,500. Search North Little Rock (west/crystal Hill) real estate on www.clcommercialrealestate.com today.