Address
4725 Hoffman Road Little Rock, AR
Price
$ 990,000
Property Attributes
  • MLS#21017945
  • TypeMulti-Family
  • CountyPULASKI
  • CityLittle Rock
  • AreaLit - Southwest Little Rock (Sou
  • NeighborhoodHoffmans
  • Zip72209
  • StyleTraditional
  • Year Built1973
  • Taxes$ 6756
  • Price$ 990,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10800
  • Lot Size0.95 Acres
Listing Provided Courtesy Of:
Hathaway Group
Data Source:
Cooperative Arkansas REALTORS MLS
Property Description

Over the past year current ownership has evicted non-paying tenants during COVID, renovated 8 of the 18 apartments, pushed rents in the submarket, and invested heavily into CapEx. • New ownership has the opportunity to finish renovating the units, continue implementing utility bill backs, and cut operating expenses • New ownership can finish renovating and leasing up the remaining units to achieve a Gross Potential Rent of $12,400 per month

Price History
6/10/2021 Listed $990,000

General Features

Class Multi-Family
Garage Other (see remarks)
Heating Central Cool-Electric, Central Heat-Electric
Inside City Limits Yes
Listing Area LIT - SOUTHWEST LITTLE ROCK (SOU
New Construction? No
Price Per Sq Ft 91.67
Roof Composition
Showing Instructions By Appointment Only, Call Listing Office/Agent, Listing Agent Must Accomp
Status Active
Status Active
Stories One Story
Style Traditional
Subdivision Hoffmans
Tenant Pays Other (see remarks)
Type Apartments
Utilities Electric-Municipal, Sewer-Public, Water-Public
Warranty As-Is, Prsnt Cnd at Clsng
Year Built 1973
Zoning R5

Interior Features

1 Bed Units 13
2 Bed Units 5
Approx Bldg. Sqft 10800
Floors Laminate, Luxury Vinyl, Partial Carpet
Kitchen Equipment Dishwasher, Electric Range, Free-Standing Stove, Refrigerator-Stays
Total Number of Units 18

Exterior Features

Exterior Frame, Metal/Vinyl Siding
Foundation Slab
Lot Level
Lot Dimensions 41381
Lot Size Area 0.95
Road Surface Paved

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 72209

Price
AVG $640K
$990K
Taxes
AVG $5,013
$6,756
Visits
AVG 16
3
Year Built
AVG 1968
1973

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