For Sale
$1,200,000

32 Evergreen StDumas, AR 71639

20 Units, 100% Occupancy, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional multifamily investment opportunity comprises 20 units across 17 buildings in Dumas and surrounding areas of Desha County, Arkansas. The portfolio boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $93,500, representing a strong 7.79% capitalization rate. The asking price is $1,200,000, or $60,000 per unit. The properties consist primarily of single-family homes and duplexes, with square footage ranging from 1,000 to 2,000 square feet. Many units feature recent updates, including new roofs on several properties. The portfolio presents a compelling investment opportunity due to its high occupancy, strong NOI, and the potential for increased rental income given that rents haven't been raised in several years. The diverse property types, including two duplexes and a duplex with commercial office space, offer flexibility for future development or individual sales. The properties are located at various addresses within Dumas, AR (zip code 71639), and nearby Tillar and McGehee, AR, all within Desha County. This portfolio is a rare find in Southeast Arkansas, offering a significant return on investment with potential for further growth. All buildings are single-story structures.

Highlights

  • $1,200,000 asking price for a 20-unit multifamily portfolio.
  • 7.79% cap rate with a $93,500 NOI.
  • 100% occupancy across 17 buildings.
  • Portfolio includes single-family homes and duplexes, totaling approximately 1,000-2,000 square feet.
  • $60,000 per unit price.

Property Details for 32 Evergreen St

Property type
Residential income homes
Square Feet
1,000 SF
Buildings
17
Stories
1
Units
20

Location Insight

City
Dumas
County
Desha
State
Arkansas
Latitude
33.881524990324
Longitude
-91.471244780202
32 Evergreen St, Dumas, Arkansas

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32 Evergreen St
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