|
|
Manor House Apartments for Sale
1705 S. Redmond
Jacksonville, AR 72076
County: Pulaski
48 Units
36,216 sq ft
Price: $1,600,000
Occupancy: 90%
Price Per Unit: $33,333
Cap Rate: 6.70%
Year Built: 1978
Parcel
#22J0180000600, Pt. SE NE BEG SE COR LOT 20 BLK 3
KEATON SUB S34 DEG W150' TO POB PT BEING S RWY LOOP
RD S34 DEG W173' N 87' N34 DEG E 253' S55 DEG E 311'
TO POB 25-3N-11
JACKSONVILLE
ARKANSAS SUBURB OF LITTLE ROCK AND HOME OF LITTLE
ROCK AIR FORCE BASE.
OWNERS HAVE
UPGRADED OVER 60% OF THE UNITS IN THE PAST YEAR
WHICH ACCOUNTS FOR HIGHER THAN NORMAL EXPENSES.
Financial Summary Actual
Year: 2007
SGI: $208,940
EGI: $265,200
OE: $96,239
NOI: $168,961
Unit Mix Information
TOWNHOUSES 2BR 2BA
No. Units: 20
Avg. Mo. Rent: $475
FLATS 2BR 1BA
No. Units: 28
Avg. Mo. Rent: $450
Debt & Equity Information
Debt Type: Proposed
Loan Amount: $1,280,000
Interest Rate: 7.25%
Amortized Over: 30
Loan Description: PROPERTY IS
PRE-APPROVED FOR AN 80% LTV 30 YEARS @7.25
FOR QUALIFIED BUYER. SELLER MAY CONSIDER
SECOND
call Frances Finley at (501)
416-1644
|
Apartment Investments
A Great New Book Full of What Investors
Need to Know.
Comment
Dear
Richard,
Thank You very much for your help on the
financing. The rate turns out to be better than
expected...
Joe D.
|
