1523 W 46th St

North Little Rock, AR 72118
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2 bd, 1 ba | 885 sqft | Built in 1931

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List Price
$64,100

Initial Investment

$17,467

Purchase Price

$64,100

Down Payment

25%

Rent

$780

Total Return

$11,894

Annualized Return

13.1%

Cap Rate

9.2%

Gross Yield

14.6%

Cash Flow

$1,857

Appreciation

0.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Cute home on a nice quiet street! 2 bed 1 bath home in need of rehab and updating but being offered at a great price, below market value. Perfect for a handyman, flipper, rehabber or do it yourself person to build some sweat equity. Roof and HVAC updated in 2003. Needs paint, flooring, and some plumbing work done. Property being sold as-is, where is, and as seen on day of open house. Some contents that are on the property may remain and will be the responsibility of the buyer. Buyer pays all closing costs, $5000 earnest money deposit. Closing at American Abstract.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Tara Helgestad
Lotus Realty, LLC
AR Agent License #PB00079617

Annual Financial Highlights

Expected Rent

$8,892

Expenses

-$2,650

Property Taxes

-$900

Loan Payments

-$3,485

Net Cash Flow

$1,857

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Hung Phan
Exp Realty
Certified Agent Brokerage:Tara Helgestad
Lotus Realty, LLC
AR Brokerage License 85-4025750
SourceCooperative Arkansas Realtors Multiple Listings Services, Inc.
MLS #24012380
Last Updated: 04/30/2024 15:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.