Rolling Hills Estates

3828 Arkansas 284, Wynne, AR 72396

Accepting Offers
Rolling Hills EstatesRolling Hills EstatesRolling Hills EstatesRolling Hills Estates
Asking Price

$339,000

Rolling Hills Estates

3828 Arkansas 284, Wynne, AR 72396

Asset Type: Real Estate

Estate: Leasehold

Year Built: 1995

Number of Floors: 2

Property Size: 4,752 SF

Property Type: Multifamily

Occupancy %: 100

Land Area: 3.88 Acres

Number of Units: 6

Investment Highlights

  • 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

Rolling Hills Estates

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.

Sale FAQs

Investment Sales Broker

Lindsey Cotton

Lindsey Cotton

Harmon Real Estate Company

AR License: SA00093812

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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