400 N Inglewood

Russellville, AR 72801

24 Doors/Apartments units Total. 12 of the doors are 2 BR 1 &1/2 baths 2-story. 4 doors are 2 BR/1 Bath in 4-Plex #1. 4 doors are 2 BR/1 bath in 4-Plex #2. 4 doors are 2 Br/1 bath in 4-Plex #3. Brick exteriors. New flat roof ($100,000 expense) on the 2 story apartment bldg a couple years ago. Several new water heaters and H&A units replaced over the same period. A few long time tenants 5 - 10 yrs. Rents from $450 - $600 a month. Gross income $136,000 yr. Real Estate Property Taxes $7,962 yr. Insurance $9,010 yr. Prop Management, Lawn Care, Pest control & maint/reno was $52,124 last year. 7% Cap Rate. Great Tax Deferred Exchange Property. All 4 properties located in Russellville, AR. 13% Vacancy rate last year

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