2003-2007 Belt Street, Jonesboro, AR 72401

  • $1,275,000
  • $1,275,000
2003-2007 Belt Street, Jonesboro, AR 72401
  • Multi-Family
  • Property Type
  • 14400
  • Sqft
For Sale

2003-2007 Belt Street, Jonesboro, AR 72401

2003-2007 Belt Street, Jonesboro, AR 72401
  • $1,275,000
  • $1,275,000

Description

Coldwell Banker Commercial is pleased to present The Vue on Regency Arms. This 29- unit apartment complex (all 1 bed / 1 bath units with an additional equipment owned on-site laundry) located a short distance from Arkansas State University, Riceland Foods, and Jonesboro Historic Downtown. This property is priced to sell with a motivated seller who is willing to seller finance with a minimum of $200,000 down payment with specified terms. Ownership has invested nearly $600,000 in upgrades since 2020 that includes new roofs, new vinyl siding, HVAC window units, new sewer lines, and the full interior renovation of 19 units and partial renovations in the other 10. The property offers a unique opportunity for a savvy investor to increase value without the expense of CapEx simply by completing increasing occupancy with lease up currently underway. All offers will be reviewed.

Details

Updated on July 15, 2024 at 8:46 am
  • Property ID: hz-6178487
  • Price: $1,275,000
  • Property Size: 14400 Sqft
  • Land Area: 0.56 Acre
  • Property Type: Multi-Family
  • Property Status: For Sale
  • MLS#: 24015062
  • Office Name: COLDWELL BANKER VILLAGE COMMUNITIES
  • Agent Name: Chase Copeland
  • MLS Status: Active

Additional details

  • List Agent MLSID: 25910
  • List Office MLSID: 1498
  • Listing Date: 2024-04-15
  • # Half Baths: half_bathroom
  • Annual Taxes: 1375
  • Subdivision: Cedar Heights
  • Possession: At Closing
  • Floors: Other (see remarks)
  • List Price/Square Foot: 88.54
  • New Construction?: No
  • Exterior Features: Other (see remarks)
  • Foundation: Other (see remarks)
  • Kitchen Equipment: Electric Range
  • Roof: Other (see remarks)
  • Showing Instructions: Call Listing Office/Agent
  • Utilities: Sewer-Public,Water-Public,Electric-Municipal
  • Style: Other (see remarks)
  • Internet Publication: 1. Yes
  • Office Identifier: 1498
  • Road Surface: Paved
  • Lot: Level
  • Address 2003-2007 Belt Street
  • City Jonesboro
  • State/county AR
  • Zip/Postal Code 72401
  • Area Jonesboro B
  • Country United States

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