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- LoopNet Team
1701 Booker
Pea Ridge, AR 72751
Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Brand new multi-family community in Pea Ridge
- Located across the street from Pea Ridge Junior High and Elementary School
EXECUTIVE SUMMARY
Brand new multi-family community in Pea Ridge for sale with an estimated cap rate of 5.6%*. 24 total units made up of three all brick duplexes, two triplexes, and three fourplexes. Located across the street from Pea Ridge Junior High and Elementary School. Rents range from $1,250 on the 2BR units to $1450 for a 3BR unit. There are 18-3BR units & 6-2BR units. The total projected gross rent income is $410,400*. Each unit is designed to be low maintenance with wood-looking vinyl flooring, led lighting, and all-electric including energy-efficient heat pumps. Every unit comes with a refrigerator and washer/dryer. The tenant pays all utilities. The owner would pay for mowing and landscape upkeep.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 6 | $1,350 | 1,228 |
| 3+2 | 18 | $1,450 | 1,450 |
