32 Evergreen St Dumas, AR 71639
- Residential income homes
- 1,000 SF
Current Use by Public Records
- Residential income homes
Property Details for 32 Evergreen St
- Property size
- 1,000 SF
- Property type
- Residential income homes
Description
This exceptional multifamily investment opportunity comprises 20 units across 17 buildings in Dumas and surrounding areas of Desha County, Arkansas. The portfolio boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $93,500, representing a strong 7.79% capitalization rate. The asking price is $1,200,000, or $60,000 per unit. The properties consist primarily of single-family homes and duplexes, with square footage ranging from 1,000 to 2,000 square feet. Many units feature recent updates, including new roofs on several properties. The portfolio presents a compelling investment opportunity due to its high occupancy, strong NOI, and the potential for increased rental income given that rents haven't been raised in several years. The diverse property types, including two duplexes and a duplex with commercial office space, offer flexibility for future development or individual sales. The properties are located at various addresses within Dumas, AR (zip code 71639), and nearby Tillar and McGehee, AR, all within Desha County. This portfolio is a rare find in Southeast Arkansas, offering a significant return on investment with potential for further growth. All buildings are single-story structures.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dumas
- County
- Desha
- State
- Arkansas
- Longitude
- -91.471244780202
- Latitude
- 33.881524990324
