$394,000 Price Analysis    ♡   Little Rock, AR 72227 Unknown bed None bath 4,488 SqFt ($87/SqFt) 6,970SqFt lot. Built 1996 Listed 2024-05-27, Taxes $3,254 | Ⓧ USDA Ineligible due to location near Little Rock |
Investment opportunity knocks at 1815 Reservoir Rd
Little Rock, Arkansas! This four-plex property features four vast 2-bedroom, 1.5-bath townhomes, offering an excellent cash flow poten tial. 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 ccupied 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 exceptional 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.
Presented by Chase Calhoun at
Mclellan & Associates Real Estate Group.
Property MLS #24018386 from Carmls
Lot Size Acres: 0.16
Lot Size Square Feet: 6970
Tenant Pays: Electric
Source Listing Status: Active
County: Pulaski
Directions: Off Reservoir
Source Property Type: Multi-Family
Area: LIT - WEST LITTLE ROCK (CENTRAL)
Source Neighborhood: Reservoir Townhouse
Subdivision: Reservoir Townhouse
Property Subtype: Fourplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $52,005 + $5,400 $57,405 | $3,254 |
| 2021 | $34,260 + $8,000 $42,260 | $2,979 |
| 2020 | $34,260 + $8,000 $42,260 | $2,958 |
| 2018 | $34,260 + $8,000 $42,260 | $2,958 |
| 2017 | $34,260 + $8,000 $42,260 | $2,958 |
| 2016 | $34,260 + $8,000 $42,260 | $2,958 |
| 2015 | $44,770 + $7,400 $52,170 | $3,651 |
| 2014 | $44,770 + $7,400 $52,170 | $3,657 |
| 2013 | $44,770 + $7,400 $52,170 | $3,657 |
| 2012 | $44,770 + $7,400 $52,170 | $3,657 |
| 2011 | $44,770 + $7,400 $52,170 | $3,519 |
| 2010 | $40,720 + $9,200 $49,920 | $3,519 |
| 2009 | $40,720 + $9,200 $49,920 | $3,509 |
| 2008 | $59,915 + $9,200 $69,115 | $3,625 |
| 2007 | $48,289 + $9,200 $57,489 | $3,347 |
| 2006 | $41,990 + $9,200 $51,190 | $3,002 |
$394,000
Carmls
Sold 2022-03-29
$324,000
Public Record
Sold 2019-11-21
$235,000
Public Record
Listing removed 2019-11-20
$0
Carmls
Listed 2019-08-29
$247,500
Carmls
Sold 2017-10-19
$205,000
Public Record
Listing removed 2017-10-13
$205,000
Carmls
Listed 2017-09-11
$205,000
Carmls
Listing removed 2011-06-13
$279,900
Carmls
Relisted 2011-02-02
$279,900
Carmls
Listing removed 2011-01-31
$279,900
Carmls
Relisted 2010-12-14
$279,900
Carmls
Listing removed 2010-12-14
$279,900
Carmls
Relisted 2010-11-13
$279,900
Carmls
Listing removed 2010-11-13
$279,900
Carmls
Relisted 2010-10-11
$279,900
Carmls
Listing removed 2010-10-10
$279,900
Carmls
Relisted 2010-09-10
$279,900
Carmls
Listing removed 2010-09-06
$279,900
Carmls
Relisted 2010-08-09
$279,900
Carmls
Listing removed 2010-08-06
$279,900
Carmls
Listed 2010-07-06
$279,900
Carmls
Listing removed 2010-06-30
$279,900
Carmls
Relisted 2009-10-18
$279,900
Carmls
Listing removed 2009-10-17
$279,900
Carmls
Listed 2009-06-17
$279,900
Carmls
Listing removed 2009-06-16
$279,900
Carmls
Listed 2009-03-16
$279,900
Carmls
Listing removed 2009-03-12
$279,900
Carmls
Listed 2008-06-03
$279,900
Carmls
Sold 2003-04-17
$138,985
Public Record
Operating Expense Includes: Taxes, Insurance
Year Built: 1996
Building Exterior Type: Brick
Foundation Details: Slab
Property Age: 28
Roof: Composition
Levels or Stories: Two Story
House Style: Traditional
Water Source: Water-Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.