101564 Home Sfr Little Rock Ar Kittanning, PA 16201

Property Details for 101564 Home Sfr Little Rock Ar

Year built

1967

Property size

18,363 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of nine single-family rental properties strategically located throughout Little Rock, Arkansas. The portfolio comprises five single-family detached homes and two duplexes, totaling nine units. Built between 1942 and 1980, these properties offer a mix of sizes, ranging from 900 to 6,672 square feet, with an average of 2,040 square feet. Currently boasting 100% occupancy with meticulously screened tenants, the portfolio generates a substantial net operating income (NOI) of $66,978, with a pro-forma NOI of $68,374. The average monthly rent is $864 per unit, significantly below current market rates, presenting a clear path to immediate value enhancement. The total square footage is 18,363 square feet, situated on a 104,112 square foot lot. The asking price is $950,000, representing an attractive price per unit of $105,556 and a price per square foot of $51.73. The current cap rate is 7.05%, with a pro-forma cap rate of 7.20%. This stabilized, cash-flowing investment benefits from existing professional property management, ensuring a smooth transition for the new owner. Little Rock's robust real estate market, characterized by strong rental demand and low vacancy rates (28 days average), further underscores the potential for significant returns. The portfolio's average home price is considerably lower than the Little Rock median home value of $227,853, offering a compelling entry point into this thriving market. This is a fee simple ownership opportunity.

Location Insight

City

Kittanning

County

Armstrong

State

Pennsylvania

Longitude

-79.4479

Latitude

40.8169