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About This Home
This 0-bedroom, 0-bathroom multi-family at 421 Sierra Madre Drive in North Little Rock, AR is listed for $138,500 ($134 per sqft). Built in 1966, the home offers 1,035 sqft of living space on a 0.18 acres lot.
INVESTOR OPPORTUNITY! Duplex with one unit leased at $600/month (month-to-month) and one unit vacant—ready for a new tenant. Each unit is approximately 500 sq ft (1,000 sq ft total) with garage and off-street parking. Tenants pay all utilities and handle lawn care for low-maintenance ownership.
Recent updates include new gas water heaters, updated plumbing and electrical, and HVAC units approximately 4 and 6 years old. Roof is approximately 10 years old. Refrigerator and stove convey; washer/dryer belong to tenant. Current annual income is $14,400 with projected rents of $600–$650 per unit. Taxes approx. $1,066/year and insurance approx. $1,200/year. Estimated CAP RATE approximately 7%–8% based on projected rents and typical expenses.
Key Features
- Built in 1966
- 0.18 acre lot
- 2 parking spaces
Property Details
Monthly Cost Estimate
$741/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
421 Sierra Madre Drive
North Little Rock, AR 72118
High Sierra
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 421 Sierra Madre Drive is listed at $138,500 ($134/sqft). The estimated monthly payment is $600 based on 20% down at 6.5% interest.
Key features include: Built in 1966, 0.18 acre lot, 2 parking spaces.
This property is listed by Lisa Smith-Jones and can be reached at 5013395024 or lisasmithjonesrealtor@gmail.com.
