2001 Simpson Street

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2001 Simpson Street

Little Rock, AR 72206
Asking Price
$115K
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B

What's Special

Owner Financed 4.7-Acre Site. Entitled for 14 Lots w/ Path to Multifamily Zoning. <ul><li>​OWNER FINANCING: 30 percent down which is $35,970. Up to 10 year term. Monthly, quarterly, or annual payments. Interest only available. All terms negotiable</li><li>​4.7 acres INSIDE Little Rock city limits with approved entitlements for multifamily, senior living, or single family subdivision</li><li>​Preliminary plat APPROVED for 14 lot subdivision June 2018</li><li>​Zoned R2. City Planning confirmed R4 multifamily rezoning simple and straightforward via Conditional Use</li><li>​All u

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NOI
$80,000
Cap Rate
69.63%
DSCR
11.73
Strong
Cash-on-Cash
212.30%
Monthly Payment
$568.463
Annual Cash Flow
$73,178.45

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