$1,450,000
0.56± Acres
Price Change
Jonesboro B County, AR

2003-2007 Belt Street, Jonesboro, Arkansas

MLS ID: 24015062
Status: Price Change
Price: $1,450,000
Acres: 0.56±
Type: Apartment Building, Apartment
Address: 2003-2007 Belt Street
City, State: Jonesboro, AR
County: Jonesboro B County
ZIP Code: 72401

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.

Carey Ann Markum

Carey Ann Markum

Cave City, Arkansas

(870) 283-2538

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Listed By: Chase Copeland of Coldwell Banker Village Communities - (870) 819-6395