$ 394,000
1815 Reservoir Road Little Rock, AR 72227
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 394,000
Est. payment /mo
Under Contract
1815 Reservoir Road Little Rock, AR 72227
4,488 SqFt
UPDATED:
07/29/2024 09:30 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,488 sqft
Price per Sqft $87
Subdivision Reservoir Townhouse
MLS Listing ID 24018386
Style Traditional
Year Built 1996
Annual Tax Amount $4,018
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Investment opportunity knocks at 1815 Reservoir Rd, Little Rock, Arkansas! This four-plex property features four spacious 2-bedroom, 1.5-bath townhomes, offering an excellent cash flow potential. Three of the four units have been remodeled or updated, ensuring modern living spaces that attract and retain quality tenants. A new roof has been recently installed, adding to the property's appeal and reducing future maintenance costs. All units are currently leased, generating steady rental income. The units are rented for $840, $895, $895, and $995, respectively, with room to increase rents to match market rates. Notably, one unit, rented at $840, is occupied by a long-term Section 8 tenant who has resided there for about 10 years. This unit needs remodeling or updating if it becomes vacant, presenting an opportunity to further enhance rental income. This property offers a great chance for investors to secure a consistent revenue stream with minimal immediate work required. The location, coupled with recent updates and strong rental history, makes this an attractive addition to any investment portfolio. Please note, no showings will be allowed until a signed contract is in place.
Location
State AR
County Pulaski
Area Lit - West Little Rock (Central)
Zoning Unk
Rooms
Kitchen Free-Standing Stove
Interior
Heating Central Cool -Unspecified, Central Heat -Unspecified
Flooring Vinyl
Equipment Free-Standing Stove
Exterior
Garage None
Utilities Available Water-Public
Roof Type Composition
Building
Lot Description Level
Foundation Slab
New Construction No
Listed by McLellan & Associates Real Estate Group • Chase R Calhoun