1815 RESERVOIR RD LITTLE ROCK, AR 72227

Features

• Price/sqft: $87
• Lot Size: 6970.00 sq. ft.
• Total Units: 5
• Stories: 200
• Roof Type: Asphalt
• Heating: Central Furnace
• Construction Type: Masonry
• Exterior Walls: Masonry

Facts

• Year Built: 01/01/1996
• Property ID: 886116037
• MLS Number: 24018386
• Parcel Number: 43L-160-06-007-00
• Property Type: Multi-family (5 or more units)
• County: Pulaski
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Investment opportunity knocks at 1815 Reservoir Rd, Little Rock, Arkansas! This four-plex property features four spacious 2-bedroom, 1.5-bath townhomes, offering an excellent cash flow potential. Three of the four units have been remodeled or updated, ensuring modern living spaces that attract and retain quality tenants. A new roof has been recently installed, adding to the property's appeal and reducing future maintenance costs. All units are currently leased, generating steady rental income. The units are rented for $840, $895, $895, and $995, respectively, with room to increase rents to match market rates. Notably, one unit, rented at $840, is occupied by a long-term Section 8 tenant who has resided there for about 10 years. This unit needs remodeling or updating if it becomes vacant, presenting an opportunity to further enhance rental income. This property offers a great chance for investors to secure a consistent revenue stream with minimal immediate work required. The location, coupled with recent updates and strong rental history, makes this an attractive addition to any investment portfolio. Please note, no showings will be allowed until a signed contract is in place.