Pending – 3345 MAIN STREET

$280,000

Pending

3345 Main Street, Perry, Arkansas 72125, USA, United States, Perry, Arkansas

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Pending

Pending – 3345 MAIN STREET

3345 Main Street, Perry, Arkansas 72125, USA, United States, Perry, Arkansas

$280,000

Overview

Property ID: HZ20055

Apartment, Residential
Property Type

2
Bedrooms

1
Bathroom

900
sqft

1964
Year Built

Description

#GETLUCKYTODAY!

THIS PROPERTY IS WAITING FOR YOU.

💥 💰 💥 💰 💥

📞 Give Blake a call or shoot him a 📲 text for more info on this killer deal!

(844) 777-2045

Address: 3345 Main Street Perry, Arkansas 72125

Price: $280,000

ARV: $400,000

✅ PROPERTY TYPE: 5 UNIT

APARTMENTS

Lot Size: 51,836 Sqft
Year Built: 1964

All units are:

Bed: 2
Bath: 1
Sqft: 900 Sqft
Property is currently self managed and uses $0 marketing.

5 unit apartments in Perry, AR. All fully renovated about 5-7 years ago with all new wiring, plumbing, appliances, and two ton central heat/air units. All are 2/1 or 2/1.5 units with ceramic tile flooring throughout each unit. The building itself has a metal roof. Each apartment is attached to the other in one long row.

There is additional land space included in this sale that could be built for additional units, storage units, RV/boat storage. Land total is 1.19 acres.

Gross Income: $34,800 annually

Operating Expenses:

Water: $1,800 annually ($150 monthly)

Trash: $600 annually ($50 monthly)

Insurance: $2,400 annually ($200 monthly)

Taxes: $1,572 annually ($131 monthly)

Maintenance: $3,000 annually ($250 monthly)

Total Operating Expenses: $9,372 annually ($781 monthly)

Net Operating Income (NOI): Gross Income: $34,800 annually Total Operating Expenses: $9,372 annually NOI: $25,428 annually

Cap Rate: NOI / Property Value = Cap Rate $25,428 / $280,000 = 9.1%

Pro Forma with Rent Raised to $625

$28,128 / $280,000 = 10.0%

✅ COMPARABLES

Despite our best efforts and access to multiple data sources, we could not identify any sold comparables within the last 6 months for the property you’re interested in.

As a result, the ARV we provided is an estimate only and should be treated as such. The ARV for this property is based on ppsf of other similar sold homes in Chadron.

We advise you to do your own due diligence to determine your estimated ARV and offer price.

✅ PROPERTY CONDITION

All fully renovated about 5-7 years ago with all new wiring, plumbing, appliances, and two ton central heat/air units.
It has a metal roof
The building is on a slab foundation with cinderblock construction.
The interior of each unit has Styrofoam insulation with sheetrock installed over it.

✅ EXIT STRATEGY

Great Buy &Hold!

When there is vacancy, the owner puts a sign out front and posts it on Facebook.

SAVVY INVESTORS!!!!!

This 5 Unit Apartments is perfect for a Fix and Flip or Buy and Hold! Get It For Your Portfolio Today!

👉Purchase This Property Now!!! It Is A BARGAIN! 💰💰

📞 Give Blake a call or shoot him a 📲 text for more info on this killer deal!

(844) 777-2045

💪 You can click the 🙌 WIN IT NOW button and avoid all the bidding and 🔐 lock this one down right now 💥All offers will be considered- Soft Offer (Meaning you click Win It Now or Make An Offer) with proof of Funds required to visit property

-Deal is not final until EMD is received.

All deals are to be Cash, Private Money, Or Hard Money Only unless otherwise indicated. Must submit Proof of Funds To Proceed. We are selling our assignable contract with the seller of the property. No Conventional or FHA Financing option unless otherwise indicated. All properties are sold as-is, where-is. No contingencies are accepted of any kind. The buyer must complete all and their own due diligence before the execution of the contract. Information is gathered from public sources and we make no representations or warranties of any kind. The buyer will be responsible for all closing costs unless otherwise indicated. Buyers will need to provide a non-refundable deposit at time of contract.