For Sale
$574,000

517 5Th St Hope, AR 71801

High-Yield Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Hope, Arkansas investment opportunity comprises four single-family buildings totaling 6,047 square feet. Built in 2008, this portfolio boasts eight fully occupied units, each with two parking spaces, generating a substantial net operating income (NOI) of $47,131 and an 8.21% cap rate. The asking price is $574,000, or $71,750 per unit, representing a compelling price per square foot of $94.92. The property's prime location in Hope, Hempstead County, AR (71801) ensures strong rental demand. Individual addresses include 517 W 5th St, 709 S Pine St, 500 N McRae St, and 402 N Ferguson St. This turnkey investment offers immediate income generation and a strong rental history, making it an ideal addition to any portfolio seeking consistent, reliable returns. The property's well-maintained condition and desirable amenities further enhance its investment appeal. This is a rare opportunity to acquire a high-performing multifamily asset in a desirable location with proven profitability. The portfolio's solid performance and strong cash flow make it an attractive proposition for investors seeking immediate returns and long-term growth potential. The properties are one story each, offering easy maintenance and accessibility. This is a truly exceptional opportunity to acquire a well-established, high-performing multifamily investment property in a thriving Arkansas market.

Highlights

  • 6,000 square feet total, with 1,500 square feet per building.
  • Eight fully occupied rental units.
  • Built between 2001 and 2013.
  • Prime Hope location.
  • Turnkey investment opportunity with strong rental history.
  • Consistent income generation.

Property Details for 517 5Th St

Property type
Residential income homes
Square Feet
6,047 SF
Year Built
2008
Buildings
4
Stories
1
Units
8

Location Insight

City
Hope
County
Hempstead
State
Arkansas
Latitude
33.663783125188
Longitude
-93.596395959372

FAQs

What type of property is this?
Residential income home - High-Yield Multifamily Investment
Where is the residential income home located?
The property is located at 517 5Th St Hope, AR.
What is the asking price?
The asking price for this property is $574,000.
What are key features of this property?
This property features: 6,000 square feet total, with 1,500 square feet per building.; Eight fully occupied rental units.; Built between 2001 and 2013.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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517 5Th St
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