Rolling Hills Estates

Investment Overview

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.

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