8 Units in Arkansas, 100% Occupied, Owner Financing Available!

[Kayla Huiras]

Magnolia, Arkansas 

8 unit Portfolio (4plex, duplex & 2 single family homes)

OWNER FINANCE 20% down / CASHFLOW! 325k PRICE

100% occupancy and getting calls everyday! Owner who manages himself is moving out of the area and wants to sell.

4 plex (322 S Jackson st Magnolia Arkansas 71753) Rents for $1,750 total

Condition - Needs cosmetic work seller plans to paint exterior before selling.

Built in early 1900’s

Google Earth - https://www.google.com/maps/place/404+S+Jackson,+Magnolia,+AR+71753/@33.264104,-93.2393937,3a,75y,93.77h,78.03t/data=!3m6!1e1!3m4!1szq9bXWuytJaFgVJjGEZD-Q!2e0!7i13312!8i6656!4m5!3m4!1s0x8633cf7524731ad7:0xe68357f0dc81becf!8m2!3d33.264046!4d-93.239166

Duplex (400 Jefferson st Magnolia Arkansas 71753) Rents for $750 (rents could be raised to 500 on 3 bed side but tenant’s been there 40 years and always on time)

Built in?

Google Earth - https://www.google.com/maps/place/402+Jefferson+st+magnolia+ark/@33.270256,-93.2412742,3a,75y,85.87h,90t/data=!3m4!1e1!3m2!1sW32PeBERhwuJ9BTFXJ7VRw!2e0!4m2!3m1!1s0x8633cf72545c3081:0x3975b11cfc10a5db?sa=X&ved=0ahUKEwiA6OK2lsXaAhVJbK0KHZW-CDAQxB0IKTAA

House #1 (1616 N. Washington st Magnolia Arkansas 71753) 3b/1 & half bath 60k rents for $700

College Girl Parents pay for her always on time.

Built in 50s

Google Earth - https://www.google.com/maps/place/1616+Washington+St,+Magnolia,+AR+71753/@33.2825648,-93.2393884,3a,75y,93.93h,90t/data=!3m6!1e1!3m4!1sh26ApDvwmv2hmBOYyxUK4g!2e0!7i13312!8i6656!4m5!3m4!1s0x8633cf6ac0dbb753:0x3b030ab469e59849!8m2!3d33.282575!4d-93.239245

House #2 (102 College view Magnolia Arkansas 71753) 49k rents for $600

Tenant been there 5 months been on time so far.

Built in late 60s

Google Earth - https://www.google.com/maps/place/1616+Washington+St,+Magnolia,+AR+71753/@33.2830985,-93.2390648,3a,75y,176.03h,79.05t/data=!3m6!1e1!3m4!1srkeu51RTorMrqMdopdT5aw!2e0!7i13312!8i6656!4m5!3m4!1s0x8633cf6ac0dbb753:0x3b030ab469e59849!8m2!3d33.282575!4d-93.239245

(( Tenants pay all utilities except for water in 4 plex ))

All roofs are around 10-15 years old.

Some cosmetic work needed here and there but tenants are happy and all units stay occupied.

Possible bunk bed rentals as a value play vs just renting units.

Total Rental Income -

Per Month - $3,800

Per Year - $45,600

Magnolia Info -

Population 11,000

Columbia County

Southern Arkansas University

79 miles from Shreveport La

53 miles from Texarkana Tx

Financing Mortgage info -

Interest Rate - 7.25% (this is rate seller is paying on his notes)

Price - 325k

20% down = 65k

12 year amm. = $2709

Don't hesitate to call or message with any questions!

Kayla

(501) 444-2031

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