Contract for Assignment
240 E 8th Street S Prescott, Arkansas
Financials:
Vacant Duplex $83,000$4,000 due on assignment (Includes EMD)
Pro Forma $825/mo PER side - $1650/mo total - $19,800/annually
ARV ~$120k
$460 annual property taxes
$100/mo is current insurance costs
Property Features:
Built 1962
Each Side 2 Bed 1 Bath
1Side Remodeled, Other side needs ~$10,000 in work
Roof: 10 Years Old
AC/Heat Window Mounted, No HVAC
Additional Details:
7 Days Due Diligence - *Flexible
Tenants have historically paid own utilities, trash and water
Last tenant rented for $850/mo
Possible to place a Section 8 tenant for purchase
Work Needed:
Quoted $6,000 from a local contractor to do the work.
About 150' in siding to be installed, provided
Few sheets of drywall repair, drywall and paint provided
Previous plumbing needed repaired, provided and cleaned up
Flooring needing to be installed, provided
Buyer To Pay Closing Costs
This Is A Contract For Assignment
Buyer To Do Own Due Diligence