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Multifamiliar (2-4 unidades)Número de MLS: #7489301
Fully renovated, this property offers excellent cash flow potential w/turnkey PM in place. If you are looking to build wealth, Current appraisal November 2024 of $830,000PROPERTY HIGHLIGHTS: Unit Type: 4-unit Large Townhome quadplex, each with 2 beds and 2 baths, totaling 4,520 sq. ft. Recent Renovations: $120,000 over the last 14 months, including large back decks and added storage, backing onto a quiet greenbelt. CURRENT RENT ROLL: Unit A: 51,395 (lease until 4/30/25) Unit B: 51,495 (lease until 4/30/25) Unit C: 51,435 (lease until 1/31/26) Unit D: Vacant (potential rent assumed at $1,495) FINANCIAL SUMMARY: 1. Gross Rental Income: Annual income assuming full occupancy: $69,840 2. Annual Expenses: Estimated at 16% of gross income: $11,174.40 3. Net Operating Income (NOl): After expenses: $58,665.60 4. Cap Rate: Actual cap rate is 7.52%, Projected 8% CAP RATE! Cash Flow: Assuming a 6.3% interest rate on a 30-year loan, the annual debt service is approximately $43,424.52. After debt service, projected annual cash flow is $15,241.08, Strong positive cash return. Seller open to discussion buying down buyer interest rate, 5-6% mortgage rate possible to increase cashflow!
Características de la propiedad
Antigüedad: | 31-40 años de antigüedad |
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Amenidades: | Puerto |
Estilo arquitectónico: | Otro |
Área del lote: | 0.72 Acres |
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Escuela primaria
SWINT ELEMENTARY SCHOOL
1.1
MillasVer detalle
Escuela secundaria (ciclo básico)
POINTE SOUTH MIDDLE SCHOOL
1.6
MillasVer detalle
Escuela secundaria (ciclo superior)
MUNDY'S MILL HIGH SCHOOL
2.1
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
Kendrick Middle School | 1.1 mi | Public | 6-8 | D |
Callaway Elementary School | 1.2 mi | Public | PK-5 | D+ |
Perry Career Academy - Eula Wilburn Ponds Perry Center For | 1.5 mi | Public | 8-12 | D- |
Pointe South Elementary School | 1.6 mi | Public | PK-5 | D+ |
Lee Street Elementary School | 1.6 mi | Public | PK-5 | D+ |
Jonesboro United Methodist Preschool And Primary School | 1.7 mi | Private | PK-2 | |
Jonesboro Middle School | 2.1 mi | Public | 6-8 | D+ |
J. W. Arnold Elementary School | 2.1 mi | Public | PK-5 | A- |
Brown Elementary School | 2.2 mi | Public | KG-5 | C+ |
Suder Elementary School | 2.3 mi | Public | PK-5 | C |
Kilpatrick Elementary School | 2.4 mi | Public | PK-5 | C+ |
Kulima Montessori | 2.6 mi | Private | PK-11 | |
Dream Keepers Academy | 2.6 mi | Private | KG-5 | |
Riverdale High School | 2.7 mi | Public | 9-12 | D |
Jonesboro High School | 2.8 mi | Public | 9-12 | D+ |
Sequoyah Middle School | 3.0 mi | Public | 6-8 | D |
Harper Elementary School | 3.0 mi | Public | KG-5 | C- |