Brand new multi-family community in Pea Ridge for sale with an estimated cap rate of 5.6%*. 24 total units made up of three all brick duplexes, two triplexes and three fourplexes. Located across the street from Pea Ridge Junior High and Elementary School. Rents range from $1,250 on the 2BR units to $1450 for a 3BR unit. There are 18-3BR units & 6-2BR units. Total projected gross rent income is $410,400*. Each unit is designed to be low maintenance with wood looking vinyl flooring, led lighting, all electric including energy efficient heat pumps. Every unit comes with a refrigerator and washer/dryer. Tenant pays all utilities. Owner would pay for mowing and landscape upkeep. For floor plans and more information ask for the marketing packet from your agent or contact listing agent.
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