103 & 105 AVE 3, Atkins, AR 72823
- Added:
- Mar 26, 2025
- Days on Market:
- 454
- Last Refresh:
- Jun 22 at 11:06 pm
Property Features for 103 & 105 AVE 3
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Exterior features
- GravelDriveway
- Standard status
- Active
- APN
- 722-00015-000R
- Size
- 2,208 SF
Taxes and HOA fees
- Tax Description
- LOT 1 BLK B ,REYNOLDS ADDN
- Tax Annual Amount
- 1361
Utilities
- Heating system
- Natural Gas, Central
Building Details
- Building materials
- Brick
- Roof type
- Shingle, Asphalt
Listing agent Kyle Hood License #PB00056527 (479) 970-8590
Listing office Arkansas Real Estate Collective 500 W Main St Ste 405, Russellville, AR (479) 280-1999
Listing date Mar 26, 2025
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑generating duplex with existing tenants
- Recently replaced roof (last year)
- Two bedrooms and one bathroom per unit
- Each unit is over 1,100 square feet
- Double carport for each unit
- Brick construction
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $10.20 |
| − Vacancy | −$1.4k | −$0.64 |
| EGI | $21.1k | $9.56 |
| − OpEx | −$6.3k | −$2.87 |
| NOI | $14.8k | $6.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Atkins
- County
- Pope
- State
- Arkansas
- Longitude
- -92.940897
- Latitude
- 35.242702
