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4725 Hoffman

Little Rock, AR 72209
  • $990,000
  • STATUS: Active
  • ON SITE: 10 days
  • MLS #: 21017945
UPDATED: 46 min ago
$990,000
  • 0
    BEDS
  • 0.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,800
    SQFT
  • $92
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Description

Over the past year current ownership has evicted non-paying tenants during COVID, renovated 8 of the 18 apartments, pushed rents in the submarket, and invested heavily into CapEx. New ownership has the opportunity to finish renovating the units, continue implementing utility bill backs, and cut operating expenses New ownership can finish renovating and leasing up the remaining units to achieve a Gross Potential Rent of $12,400 per month

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© 2021 Cooperative Arkansas Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Angel Group | Coldwell Banker RPM Group. The data relating to real estate for sale or lease on this web site comes in part from CARMLS. Real estate listings held by brokerage firms other than The Angel Group | Coldwell Banker RPM Group are marked with the CARMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2021-06-21T07:40:21.86.
www.theangelgroup.net/homes/118112483
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4725 Hoffman Little Rock, AR 72209

  • Price: $990,000
  • Status: Active
  • Updated: 46 min ago
  • MLS #: 21017945
0
Beds
0
Baths
0
½ Baths
0.95
Acres
10,800
SQFT
$92
$/SQFT
1973
Built
Neighborhood:
Hoffmans
County:
Pulaski
Area:
Lit - Southwest Little Rock (Sou
Property Description
Over the past year current ownership has evicted non-paying tenants during COVID, renovated 8 of the 18 apartments, pushed rents in the submarket, and invested heavily into CapEx. New ownership has the opportunity to finish renovating the units, continue implementing utility bill backs, and cut operating expenses New ownership can finish renovating and leasing up the remaining units to achieve a Gross Potential Rent of $12,400 per month
Exterior Features

Approx Lot Size 41381 Exterior Type FrameMetal/Vinyl Siding Foundation Slab Garage Parking Other (See Remarks) Lot Level New Construction No Property Type Apartments Road Surface Paved Roof Composition Style Traditional

Interior Features

Floors Partial CarpetLaminateLuxury Vinyl Heat And Air Central Cool-ElectricCentral Heat-Electric Kitchen Equipment Free-Standing StoveElectric RangeDishwasherRefrigerator-Stays Stories One Story

Property Features

Annual Expenses 55000 Annual Income 111000 Annual Taxes 6756 Documents On File Legal Description Documents Online None Expenses Include TaxesInsuranceUtilitiesManagementTrash Financing New Loan-VaNew Loan-FhaNew Loan-ConventionalCash Foreclosure REO No Inside City Limits Yes One Bedroom Maximum Rent 700 One Bedroom Minimum Rent 500 One Bedroom Units 13 Owner Agent Disclosure Listing Agent/Broker is Neither Possession Immediately-With DeedNegotiable Sale Or Rent For Sale Short Sale No Source Of Sq Ft Tax Records Tenant Expenses Other (See Remarks) Three Bedroom Maximum Rent 0 Three Bedroom Minimum Rent 0 Three Bedroom Units 0 Two Bedroom Maximum Rent 800 Two Bedroom Minimum Rent 600 Two Bedroom Units 5 Utilities Sewer-PublicWater-PublicElectric-Municipal Warranty As-IsPrsnt Cnd At Clsng Will Subdivide No Zoning R5

Listing provided courtesy of Chris Carland of Hathaway Group. © 2021 Cooperative Arkansas REALTORS® Multiple Listing Service.


© 2021 Cooperative Arkansas Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Angel Group | Coldwell Banker RPM Group. The data relating to real estate for sale or lease on this web site comes in part from CARMLS. Real estate listings held by brokerage firms other than The Angel Group | Coldwell Banker RPM Group are marked with the CARMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2021-06-21T07:40:21.86.
 
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The Angel Group | Coldwell Banker RPM Group
7044 Westshore Ave.
Benton AR, 72019