904 W 25th St North Little Rock, AR 72114-2022 – 6 Plex
Development Opportunity:
This property was purchased vacant, needing a complete overhaul. Originally built in 1961, we retained only the cement block exterior, making the rest of the property entirely new. We removed the old cast iron plumbing, digging 18 inches into the concrete to replace it with PVC, and upgraded 100% of the electrical system, including the main service connection. The roof and all windows were also replaced. The kitchens now feature granite countertops, shaker cabinets, and stainless steel appliances, while the bathrooms were upgraded with ceramic tile, new vanities, and proper ventilation. Built with longevity in mind, this property’s concrete flooring and walls make it nearly indestructible, minimizing turnover costs between tenants.
We also own the storage building and adjacent lots, which offer excellent potential for further development. Zoned for 2-4 additional units, the lots provide a unique opportunity to expand the complex, enhancing the property’s value and income potential. The storage building itself can generate approximately $600 to $700 per month, adding another revenue stream. With the current six units, the storage building, and the potential additional units, total monthly income could reach up to $7,500. Since the lots share the same parcel as the six-plex, any new construction will need to align with multi-family development standards. This setup allows for a strategic investment, with high-quality renovations that ensure tenant satisfaction and operational efficiency, alongside the option for future growth.
Property Management through Turnkey Property Management is in place. Turnkey Property Management is our in-house solution for our clients, with currently 300 doors and growing under management. For more information, visit www.TurnkeyPMG.com.
Details
Property Type
: Small Multi Family
Purchase Price
: $675,000.00
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