400 N Inglewood
Russellville, AR 72801

Rental property for sale. One - 2 story with 2 BR/1.5 baths each and Three - 4 Plexes.  24 Units (Doors). Brick Exteriors. 7% Cap Rate. New ($100,000) roof on the 2 story in 2022.  New roof on one of the West E. Street 4-plexes. Several units with new water heaters and a few H&A units. About a 13% vacancy rate but closer to 4% for a normal year. Rents vary between $450 - $600 month. Some tenants have been here for 10 years. Stove and Refrigs, Washer & dryers each unit. (Some tenants are using their own appliances). All are central H&A. Current owner pays for pest control, lawn service and property management.  The 2 story apartment and two of the 4-plexes are located next to each other. The 3rd, 4-plex is about 3 miles away. Owner might sell the 2 story bldg with 12 apartments for $720K OR the Three: 4-Plexes (12 doors) for $740K. Need a Tax Deferred Exchange property? Est taxes on all 4 apartment buildings $7,962 yr. Current Insurance $9,008 yr. Current gross income runs around $136,000 yr. Total expenses around $70,800 yr. Owner pays around $9,600 prop management and $3,745 lawn service, $1,842 pest control. Contact Steve Hula at All Star Real Estate for details. 479-970-3301.