Rolling Hills Estates

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

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.

Wynne is the county seat of Cross County and its largest city, with about 8,300 residents. U.S. 64 runs along the north side of town toward Marion and the Memphis area. Arkansas Highway 1 connects south to Interstate 40 at Forrest City, 14 miles away, and north toward Harrisburg and Jonesboro. Rolling Hills Estates sits on Highway 284 east of the city, with a quiet, rural setting and an easy drive into Wynne’s schools, shopping and East Arkansas Community College.

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