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102 E 14th St - 102 E. 14th Street

1,241 SF Specialty Building Offered at $140,000 at a 8.27% Cap Rate in Hope, AR 71801

Investment Highlights

  • Long term tenant in place! Instant Cash Flow!
  • House is in great condition and in a desirable neighborhood!
  • Current rent is under market - potential to raise rent!

Executive Summary

2-3 Bedroom House For Sale!
Currently a 2 BR house with an existing tenant of four years, this is an excellent opportunity for an investor. Instant cash flow with rent currently UNDER MARKET VALUE. There is room to raise existing rent based on local market conditions.
This is turnkey investment property is an easy addition for any real estate investor!
? Existing tenant for 4 years
? ~ 1,240 sq ft
? Extended carport
? New roof
? Central Heat/Air
? Completely fenced
? Excellent condition
Asking Price: $140,000

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $140,000
Price Per SF $113
Sale Type Investment or Owner User
Cap Rate 8.27%
Property Type Specialty
Lot Size 0.09 AC
Building Size 1,241 SF
No. Stories 1
Year Built 1985
Opportunity Zone Yes

Amenities

  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

zoning

Zoning Code C-4 (A recent survey zoned this property as Commercial. However, it is in a neighborhood with businesses nearby. Adjacent to a commercial building.)
C-4 (A recent survey zoned this property as Commercial. However, it is in a neighborhood with businesses nearby. Adjacent to a commercial building.)
  • Listing ID: 32039375

  • Date on Market: 6/6/2024

  • Last Updated:

  • Address: 102 E 14th St, Hope, AR 71801

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