Duplex Income Property with
103 & 105 AVE 3 Atkins, AR 72823
103 & 105 AVE 3, Atkins, AR, 72823
$165,000
For Sale
$165,000
Duplex with two 2-bedroom, 1-bath units and double carports; roof was replaced last year.
Property Size2,208 SF
Price / SF$74.73
Days on Market696
Property Features for 103 & 105 AVE 3
General Information
- Standard status
- Active
- Size
- 2,208 SF
- Property subtype
- Duplex
Listing agency
(479) 970-8590
Listed by
Arkansas Real Estate Collective
(479) 970-8590
Source
Xome
Added: Aug 26, 2024 Updated: Jul 21 at 12:54PM Checked: Jul 21 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arkansas Real Estate Collective
Investment Insights
Based on property information with market context.
This duplex offers two units with a little over 1,100 square feet per side. Each unit is configured as 2 bedrooms and 1 bath, and the property includes double carports for resident parking. Current rents are $650 on one side and $725 on the other.
The seller notes the roof was replaced last year.
At 2,208 total square feet, the property is positioned as a straightforward residential income asset with a duplex layout and established in-place rental figures.
The seller notes the roof was replaced last year.
At 2,208 total square feet, the property is positioned as a straightforward residential income asset with a duplex layout and established in-place rental figures.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- Total size is just over 1,100 SF per side, with separate double carports
- Unit rents: one side at $650 and the other at $725
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 |
2,208 SF · lease $10.20/SF/yr · vacancy 6.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$211.1K
$184.7K – $246.3K
NOI $14,777 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$188.6K
$165.0K – $220.1K
NOI $13,203 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$352.8K
$308.7K – $411.6K
NOI $24,694 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units and double carports; roof was replaced last year.
Where is this duplex located?
The property is located at 103 & 105 AVE 3 Atkins, AR.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; Total size is just over 1,100 SF per side, with separate double carports; Unit rents: one side at $650 and the other at $725
