Residential Income in Newport

$199,900

1000 Walnut, 72112, Newport, AR

Residential Income for sale in Newport, 1000 Walnut, 72112, 2656 m²

1000 Walnut, 72112, Newport, AR

$199,900

2656
Type: Residential Income

Description

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.

Location

1000 Walnut, 72112, Newport, AR

Data

Object TypeResidential Income
Purchase Price$199,900
Living Space2656 m²
Plot SizeN/A
BathroomsN/A
Construction Year1940
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeCentral Heat-Gas
Primary Energy SourceN/A
Construction Year1940
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent