Contract For Sale – 8 unit apartment complex @9% CAP Rate – Opportunity Zone Available

  • $550,000

8 Unit Apartment complex that is fully occupied. All units have been completely renovated and the property has been stabilized. This property is in an opportunity zone so has the potential for significant tax advantages.

Rental Income: $65,520

NOI: $48,612

Sales Price: $550,000

Cap Rate: 9%

Cash on Cash Return for 20% down payment: 18.86%

Contact me to get full details on the property. 501.831.6919


Cash or Bank Financing offers will be accepted. This deal is for serious investors only. Seller wants a quick sell. You will have a 10-day inspection and a $2500 deposit will be required. After the 10-day inspection expires the deposit becomes non-refundable. Seller will NOT accept owner financing and will NOT negotiate the price. The property has been fully renovated and is priced fairly for the market.


**Disclosure: We are in possession of an assignable Purchase & Sale Agreement that will allow us to purchase this property. We are offering the contract for purchase, as we hold an equitable interest in the contract. We may choose to assign at closing, or, double close. The price includes both the contract purchase as well as the original property purchase. Regardless, the closing process at the title company is the same as usual. We have already opened escrow and started the file, and intend to purchase this property whether we re-sale to you or not.

Price:
$550,000
Address:
Allen St
North Little Rock, AR 72114
Terms:
Assignment of Contract
Property Type:
Apartment

Additional Features

8 unit 1 bed / 1 bath apartment complex

Call (501) 831-6919 for more details

Property Location