$367,000
SOLD OCT 31, 2024

1815 Reservoir Rd Little Rock, AR 72227

Reservoir Neighborhood
-- Bed
-- Bath
4,488 Sq Ft
6,968 Sq Ft Lot

Recently Sold

$82 Per Sq Ft

7% Below List Price

66 Days on Market

Highlights

  • Traditional Architecture
  • Central Air
  • Vinyl Flooring
  • Central High School Rated A
  • Level Lot

About This Home

As of October 2024

Investment opportunity knocks at 1815 Reservoir Rd, Little Rock, Arkansas! This four-plex property features four spacious 2-bedroom, 1.5-bath townhomes, offering an excellent cash flow potential. Three of the four units have been remodeled or updated, ensuring modern living spaces that attract and retain quality tenants. A new roof has been recently installed, adding to the property's appeal and reducing future maintenance costs. All units are currently leased, generating steady rental income. The units are rented for $840, $895, $895, and $995, respectively, with room to increase rents to match market rates. Notably, one unit, rented at $840, is occupied by a long-term Section 8 tenant who has resided there for about 10 years. This unit needs remodeling or updating if it becomes vacant, presenting an opportunity to further enhance rental income. This property offers a great chance for investors to secure a consistent revenue stream with minimal immediate work required. The location, coupled with recent updates and strong rental history, makes this an attractive addition to any investment portfolio. Please note, no showings will be allowed until a signed contract is in place.

Last Agent to Sell the Property

Chase Calhoun

Chase Calhoun Real Estate LLC Listed on: 05/24/2024

Last Buyer's Agent

Steve Clemons

Capital Sotheby's International Realty

Capital Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,018

Year Built

  • Built in 1996

Lot Details

  • 6,968 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,488 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Stove

Utilities

  • Central Air

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,018

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 05/27/2024
  • Price Per Sq Ft: 81.77
  • Road Surface: Paved
  • Street Designation: Road
  • Type: Fourplex
  • Zoning: Unk
  • Source Of Sq Ft: Tax Records
  • Estimated Year Built: 1996
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1996

Interior Features

  • Floors: Vinyl
  • Foundation: Slab
  • Stories: Two Story
  • Kitchen Equipment: Free-Standing Stove

Exterior Features

  • Exterior: Brick
  • Roof: Composition

Utilities

  • Utilities: Water-Public
  • Heating And Air Cond: Central Cool -Unspecified, Central Heat -Unspecified

Lot Info

  • Estimated Lot Size: 0.16
  • Estimated Lot Size: 6968
  • Lot: Level
  • Geo Subdivision: AR

Multi Family

  • Annual Expenses: 8700
  • Tenant Expenses: Electric
  • Maximum Rent Two Bedroom: 995
  • Minimum Rent Two Bedroom: 840
  • Number Of Two Bedroom Units: 4
  • Number Units: 4

Tax Info

  • Annual Taxes: 4018

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $367,000 -6.9% $82 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
05/24/2024 05/24/24 For Sale $394,000 +67.7% $88 / Sq Ft
11/15/2019 11/15/19 Sold $235,000 -5.1% $52 / Sq Ft
08/28/2019 08/28/19 For Sale $247,500 +20.7% $55 / Sq Ft
10/12/2017 10/12/17 Sold $205,000 0.0% $46 / Sq Ft
10/12/2017 10/12/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $205,000 -- $46 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chase Calhoun

    Seller's Agent in 2024

    Chase Calhoun

    Chase Calhoun Real Estate LLC

    (501) 650-5137

    11 in this area

    84 Total Sales

    Chase Calhoun
    Section Image
  • Steve Clemons

    Buyer's Agent in 2024

    Steve Clemons

    Capital Sotheby's International Realty

    (501) 412-0562

    1 in this area

    211 Total Sales

    Steve Clemons
    Section Image
  • Joseph Bush

    Seller's Agent in 2019

    Joseph Bush

    Crye-Leike

    (501) 412-1898

    25 Total Sales

    Joseph Bush
    Section Image

  • J

    Seller's Agent in 2017

    Judy Nelsen

    Adkins & Associates Real Estate

    (501) 580-5839

    7 in this area

    46 Total Sales

    Judy Nelsen
    Section Image
  • Doug Smith

    Seller Co-Listing Agent in 2017

    Doug Smith

    Adkins & Associates Real Estate

    (501) 680-2670

    16 Total Sales

    Doug Smith
    Section Image

  • B

    Buyer's Agent in 2017

    Bobby Wade

    McKimmey Associates REALTORS NLR

See All Agents

Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 24018386

Cooperative Arkansas REALTORS® MLS

APN: 43L-160-06-007-00

Arkansas Pulaski County Little Rock 72227 Reservoir

1815 Reservoir Rd, Little Rock, AR

This home is located at 1815 Reservoir Rd, Little Rock, AR 72227 and is currently priced at $367,000, approximately $81 per square foot. This property was built in 1996. 1815 Reservoir Rd is a home located in Pulaski County with nearby schools including McDermott Elementary School, Henderson Middle School, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cooperative Arkansas REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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