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Investment Highlights
- 20 UNIT REDEVELPMENT OPPORTUNITY IN NEWPORT AR
- $9,000 PER UNIT COST
- LOW BUY IN COST
Executive Summary
This is a 20 unit apartment complex that is ready for rehabilitation. It is currently vacant and includes 5 two story building each with four 800 sq ft units per building.
Masonary construction and ready to start. Low buy in price of $179,000. Renovation could be made in stages as the buildings are on separate lots.
Seller prefers an all cash offer and quick close. Property will not last long at this price
Masonary construction and ready to start. Low buy in price of $179,000. Renovation could be made in stages as the buildings are on separate lots.
Seller prefers an all cash offer and quick close. Property will not last long at this price
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | - | 850 |
1 1
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 013-00486-000 | Improvements Assessment | $15,160 |
| Land Assessment | $4,840 | Total Assessment | $20,000 |
Property Taxes
Parcel Number
013-00486-000
Land Assessment
$4,840
Improvements Assessment
$15,160
Total Assessment
$20,000
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204 Ash St
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