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3608 Foster St

Little Rock, AR 72204

$425,000

Apartments For Sale  •  12,215 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 12,215 Sq Ft
  • Lot Size 0.5 ac
  • Year Built 1966
  • Zoning MF
23 Transit Score
41 Walk Score

Description

The Waller Group is excited to announce the listing of 3608 Foster Street. Priced at $26,562.00 a door. This property provides a great place to put money and have it accrue. With a cap rate of 13.88%, this is a serious opportunity to create great cash flow. However, this property has tremendous upside rental growth that puts it a 16.17% cap when operating at GPI. Located Southwest of Downtown Little Rock it is within walking distance of Boyle Park and the retail development "Shackleford Crossings". With minimal expenses also raising the buyers cash flow, this property is a great investment. Seller requires $1,000 non-refundable at contract signing. Property selling as is and seller will offer a $25,000 repair allowance with a full price offer.

Highlights

15 of the 16 units have been remodeled - final unit will be delivered with renovations.
Roof remodeled in 2001
Resurfaced parking lot
Updated ceramic tile, kitchen, cabinets and countertops.
Professional management comes with the property

Financial Summary (Actual)

Net Operating Income: $62,452 (2017)
Total Expenses: $31,223

Amenities

  • Dishwasher
  • Disposal
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Refrigerator
  • Oven
  • Range
  • Carpet

Public Transportation

AirportDriveWalkDistance
Clinton National Airport 19 min - 14.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes
Logan Waller 214-736-1500 The Waller Group, LLC
Logan Waller 214-736-1500 The Waller Group, LLC