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Hawthorne Apartments 310 Hawthorne St

5 Unit Block of Flats £414,366 (£82,873/Unit) 7.55% Net Initial Yield Hot Springs, AR 71901

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Investment Highlights

The apartments are open floor plan with high ceilings.

Income producing property with new flooring, paint, light fixtures, ceiling fans, 4-security cameras with 24 hour a day recording.

Executive Summary

Income producing property with new flooring, paint, light fixtures, ceiling fans, 4-security cameras with 24 hour a day recording. The new electrical service installed with 36" inch electrical heads above the roof. New smoke detectors Carbon Monoxide detectors installed, seller holds a Arkansas real estate license buyers must have a pre-approval letter or proof of funds of purchase price to view the property. Seller is. retiring from the rental business. Great opportunity for the right buyer.

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	£414,366	Building Class	C
Price Per Unit	£82,873	Lot Size	0.12 AC
Sale Type	Investment	Building Size	3,523 SF
Net Initial Yield	7.55%	Average Occupancy	100%
No. Units	5	Number of Floors	2
Property Type	Residential	Year Built/Renovated	1920/2019
Property Subtype	Apartment	Parking Ratio	1.42/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£414,366
Price Per Unit	£82,873
Sale Type	Investment
Net Initial Yield	7.55%
No. Units	5
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.12 AC
Building Size	3,523 SF
Average Occupancy	100%
Number of Floors	2
Year Built/Renovated	1920/2019
Parking Ratio	1.42/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.