Dale Rhoades Investments LLC

Listings

Listing #1 $90K CASH

Investment Opportunity,

ARV $184K plus

OFF MARKET

Fort Smith AR

B Class neghborhood

2594 Sq Ft Frame

5 Bedroom

4 Bath

Carport

YB 1969

Needs Interior upgrades

(Paint,Flooring,Kitchen,Baths)

Has

Vinyl Windows

3 Year Old Roof

Cedar Siding

Listing #2 $??K

COMING SOON

This 1988

1264 Sq ft

3 Bedroom 2 Bath

Home

Newly Completed Entire Home Upgrades in Process

New Metal Roof

Original Hardwood Floors

Masonary Feature Wall

Home Features

Living Area

Formal Dining

Large Kitchen

Split Floor Plan

Master Suite

Laundry/Mud Room

Central Heat/Air Conditioning

Entertainment Patio

Listing #3 $??K

Coming Soon

This 1960

1394 Sq Ft

3 Bedroom 1 Bath

Home

Original Hardwood Floors

Steel Siding

Home Features

Large Living Room

Dining Room

Large Kitchen

Split Floor Plan

Laundry/Mud Room

2 Car Detached

Garage

Listings

Listing #4 $229'900.00

Off Market Multi Family

Texarkana TX

$229’900.00

515 N6th & 524 Spruce

Texarkana TX 75501

2 properties on the same parcel

515 N6th:3000sq ft duplex was originally a triplex. 4 Bed 1 Bath upstairs, 2 Bed 1 Bath downstairs, 4 car detached garage. All new plumbing,electrical, central heat and air conditionin, aluminum windows, hardwood floors, trim, new tile and cabinets in kitchen and bath, tankless water heater, new appliances, new light fixtures and ceiling fans, washer and dryer connections

524 Spruce: 5000 sq ft historical building 8 bed 3 bath known as The Cervini House

Electrical upgrade, new-plumbing, contractor finished two baths, 2nd floor kitchen area. Historical building can be used for halfway house, homeless veterans, traveling nurses, group home.

The bedrooms are 14x14 and can fit multiply beds for halfway house or group home. There is a program called HUD VASH where the Veterans Administration has partnered up with housing and urban developent to give homeless veterans priority to get vouchers for housing. There are non profit agencies like Veterans Matter, Honorbound, US Vets, Salvation Army, Fast Texas Resources center, who will pay the security deposit and up to 6 months rent for Veterans.

Another option The Texas Department of Criminal Justice will pay $800 per person per month for halfway house.

Gross monthly income $11000

20% vacancy rate $2200

Property Management $1100

Maintenance $300

Property Taxes &323

Insurance $339

Utilities /Garbage $444

NOI/ Month $4706

NOI/Year $57’472

PP 229’900

Cap rate 21.7

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