Description

This 2 unit multifamily close to downtown Little Rock, AR lots of properties in the vicinity currently being rehabbed due to new Stem School just opened. ARV $ 170,124 Rental Zestimate $800 Low $600 High $1,000 ASKING-$40k assignment fee included in the price Profit Potential $105K (not including closing cost, additional repairs over what's estimated, and fees once you purchase) Estimated Repairs $18K-$25k to finish. ARV $170k plus. (Earnest Money $2,000 required if you decide to purchase) When contacting please answer questions listed below we will not provide addresses of any of our properties unless answered. We like to work with serious buyers who are not tire kickers you can respond via text or email we will also require proof of funds before we provide the address as well (the buyers we work with have no problem providing this information). We value your time as well as ours. 1) We require proof of funds for the transaction? Are you willing to provide that information before we provide the address? 2) We require a non-refundable earnest money deposit of $2000 (depending on your deal) to be placed with our title company if you decide to purchase the property? Can you do that? 3) f you do decide to purchase the property what kind of funding will you use? Hard Money, Cash, or some form of financing 4) If you do decide to purchase how fast can you close? ALL PROPERTIES ARE SOLD AS IS TO CASH BUYER. EMD REQUIRED AT TIME OF CONTRACT CONTACT Patrick show contact info BUYER RESPONSIBLE FOR MARKET RESEARCH AND DUE DILIGENCE walkthrough video of property 2 Unit: www (dot) youtube (dot) com/watch?v=u6eoSWnnSS8&t=2s If you are a wholesaler and have a buyer who would possibly be interested. We would like to work with you. Before contacting us please note that your buyer would need to close within 14 days or less if you do not have a buyer in place who can do so please do not contact us. We take what we do serious and would like to work with other wholesalers who are serious as well we started where you started. If you have questions please email me at patrickr@investmentdiscountedproperties.com or call/text me at (501) 214-0077 the email I have on here is not updating for some reason. Thanks


Property Details

Property Status Expired
Price $38,500
Estimated Repairs $25,000
Square Footage 2110
Sq Footage Source tax_records
# of Units 2
Market Rent (Annually) $650
Gross Rent $15,600
Gross Yield 40.5%
Operating Expenses (Annual) $1,200
Net Income (Annual) $14400
Net Yield 37.4%
Property Management In Place no
Seller Financing Available no
Sellers Disclosure I have equitable interest and am assigning my rights to purchase this property
Publish Date September 7th, 2018

Seller Information

info@victoirereiproperties.com

White Hall, Arkansas
Member since April 2017
Contact
Profile

Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.