101564 Home Sfr Little Rock ArKittanning, PA 16201

Property Details for 101564 Home Sfr Little Rock Ar

Year built

1967

Property size (Sq ft)

18,363 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of nine single-family rental properties strategically located throughout Little Rock, Arkansas. The portfolio comprises five single-family detached homes and two duplexes, totaling nine units. Built between 1942 and 1980, these properties offer a mix of sizes, ranging from 900 to 6,672 square feet, with an average of 2,040 square feet. Currently boasting 100% occupancy with meticulously screened tenants, the portfolio generates a substantial net operating income (NOI) of $66,978, with a pro-forma NOI of $68,374. The average monthly rent is $864 per unit, significantly below current market rates, presenting a clear path to immediate value enhancement. The total square footage is 18,363 square feet, situated on a 104,112 square foot lot. The asking price is $950,000, representing an attractive price per unit of $105,556 and a price per square foot of $51.73. The current cap rate is 7.05%, with a pro-forma cap rate of 7.20%. This stabilized, cash-flowing investment benefits from existing professional property management, ensuring a smooth transition for the new owner. Little Rock's robust real estate market, characterized by strong rental demand and low vacancy rates (28 days average), further underscores the potential for significant returns. The portfolio's average home price is considerably lower than the Little Rock median home value of $227,853, offering a compelling entry point into this thriving market. This is a fee simple ownership opportunity.

Location Insight

City

Kittanning

County

Armstrong

State

Pennsylvania

Latitude

40.8169

Longitude

-79.4479

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].