517 5Th St Hope, AR 71801
- Residential income homes
- 6,047 SF
Current Use by Public Records
- Residential income homes
Property Details for 517 5Th St
- Year built
- 2008
- Property size
- 6,047 SF
- Property type
- Residential income homes
Description
This exceptional Hope, Arkansas investment opportunity comprises four single-family buildings totaling 6,047 square feet. Built in 2008, this portfolio boasts eight fully occupied units, each with two parking spaces, generating a substantial net operating income (NOI) of $47,131 and an 8.21% cap rate. The asking price is $574,000, or $71,750 per unit, representing a compelling price per square foot of $94.92. The property's prime location in Hope, Hempstead County, AR (71801) ensures strong rental demand. Individual addresses include 517 W 5th St, 709 S Pine St, 500 N McRae St, and 402 N Ferguson St. This turnkey investment offers immediate income generation and a strong rental history, making it an ideal addition to any portfolio seeking consistent, reliable returns. The property's well-maintained condition and desirable amenities further enhance its investment appeal. This is a rare opportunity to acquire a high-performing multifamily asset in a desirable location with proven profitability. The portfolio's solid performance and strong cash flow make it an attractive proposition for investors seeking immediate returns and long-term growth potential. The properties are one story each, offering easy maintenance and accessibility. This is a truly exceptional opportunity to acquire a well-established, high-performing multifamily investment property in a thriving Arkansas market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hope
- County
- Hempstead
- State
- Arkansas
- Longitude
- -93.5964
- Latitude
- 33.6638
