3828 Arkansas 284
- 6 units, all 792 SF 2BR/1.5BA with washer/dryer hookups
- 100% occupied
- $500 in-place rents against $819 market rent
- Residents pay all utilities
- 13.15% Pro Forma cap rate at market rents ($44,563 stabilized NOI)
- $22,743 Year 1 NOI on in-place rents
Property Description
HRE is pleased to present Rolling Hills Estates, a six-unit apartment property at 3828 Hwy 284 in Wynne, Arkansas, offered at $339,000 ($56,500 per unit). Every unit is a 792 SF, 2-bedroom, 1.5-bath floor plan with washer/dryer hookups (4,752 SF building), and all six are occupied at $500 a month, the same rent as the most recent lease signed at the property in June 2026. Residents pay all utilities. At the list price, Year 1 net operating income is $22,743 on in-place rents, with real estate taxes reset at the purchase price. In-place rents sit well below the $819 market rent modeled for the property; moving units to that level as leases renew or turn produces a stabilized NOI of $44,563, a 13.15% Pro Forma cap rate. With a uniform unit mix, laundry hookups in every unit and a small footprint, Rolling Hills Estates suits a first-time investor or an owner adding doors in Cross County.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $339,000 |
| No. of Units: | 6 |
| Year Built: | 1995 |
| Lot Size: | 3.88 Acres |
| Opportunity Zone: | No |
| Price per unit: | $56,500 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
5337 Minnehaha Avenue
Minneapolis, Minnesota
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout