About This Home
This 0-bedroom, 0-bathroom multi-family at 1000 Walnut in Newport, AR is listed for $199,900 ($75 per sqft). Built in 1940, the home offers 2,656 sqft of living space on a 0.12 acres lot.
Key Features
- Built in 1940
- 0.12 acre lot
- 2 stories
Property Details
Unique opportunity to acquire a 10-unit apartment building with significant rental upside and an attractive value-add profile. The property features a unique and efficient unit mix, with 2-bedroom, 1-bath units and eight individual rooms for rent. The property is currently generating $3,045 per month in rental income, while the projected rent roll
at full occupancy is approximately $4,840 per month - representing $1,795 per month in additional potential rental income, or approximately $21,540 in annual upside. With multiple units and a diversified tenant mix, the property offers an investor an opportunity to increase cash flow through lease-up and rental-rate optimization.
The existing configuration provides a broad range of housing options, from larger 2-bedroom units to more affordable 1-bedroom spaces. Whether you're an experienced multifamily investor, looking for a house hack, or looking to add your first apartment asset to your apartment asset to your portfolio, this property offers a compelling combination of existing income and meaningful upside. Please see the attachments for additional information.
Monthly Cost Estimate
$1,069/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1000 Walnut
Newport, AR 72112
Park Place
Property Details
Flooring
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 1000 Walnut is listed at $199,900 ($75/sqft). The estimated monthly payment is $1,069 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 0.12 acre lot, 2 stories.
This property is listed by Dustin Turner and can be reached at 5019522969.