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5600 Spradling Ave - Duplexes on Spradling 4 Unit Apartment Building Offered at $549,000 at a 7.04% Cap Rate Fort Smith, AR 72904
EXECUTIVE SUMMARY
Turnkey Multifamily Investment Opportunity!
This newly constructed multifamily property features two duplexes with a total of four fully leased units starting March 1, 2025. Each 2-bedroom, 2-bathroom unit
boasts modern aesthetics, quartz countertops, sealed concrete flooring, and comes equipped with a refrigerator and washer/dryer connections. Perfect for investors seeking immediate rental income with minimal upkeep.
This newly constructed multifamily property features two duplexes with a total of four fully leased units starting March 1, 2025. Each 2-bedroom, 2-bathroom unit
boasts modern aesthetics, quartz countertops, sealed concrete flooring, and comes equipped with a refrigerator and washer/dryer connections. Perfect for investors seeking immediate rental income with minimal upkeep.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $549,000 | Building Class | A |
| Price Per Unit | $137,250 | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 3,488 SF |
| Cap Rate | 7.04% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.5 | No. Stories | 1 |
| No. Units | 4 | Year Built | 2024 |
| Property Type | Multifamily |
| Price | $549,000 |
| Price Per Unit | $137,250 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Class | A |
| Lot Size | 0.56 AC |
| Building Size | 3,488 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2024 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Island Kitchen
- Linen Closet
- Porch
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | $995.00 | - |
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5600 Spradling Ave - Duplexes on Spradling
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