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    3601 School Street

    Jonesboro, AR 72401
    • $425,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 10094288
    Price Reduced
    UPDATED: 37 min ago
    $425,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,009
      SQFT
    • $71
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Multi-Family
    County:
    Area:
    F

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    2 Bed, 1 Bath Apartments.30 Plus year owner with room to move on rents. Well kept with New Metal Roof, AC's less than 5 years old and fresh exterior paint. Quiet "no through" traffic area just off E Nettleton. Owner currently paying electric and tenant pays gas. 9 CAP! Pro Forma - Average rent now for 2/1 in area is $750-$1,000. Looking at At $850 a month, Gross $61,200. Minus expenses of $6300 Net; $54,900 - 12% Return.

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    © 2021 Jonesboro Board of REALTORS® MLS. All rights reserved.
    www.neahomes4sale.com/homes/119905266
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    3601 School Street Jonesboro, AR 72401

    • Price: $425,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 10094288
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    6,009
    SQFT
    $71
    $/SQFT
    Neighborhood:
    N/A
    County:
    Craighead
    Area:
    F
    Elementary School:
    Fox Meadow
    Middle School:
    Nettleton
    High School:
    Nettleton
    Property Description
    2 Bed, 1 Bath Apartments.30 Plus year owner with room to move on rents. Well kept with New Metal Roof, AC's less than 5 years old and fresh exterior paint. Quiet "no through" traffic area just off E Nettleton. Owner currently paying electric and tenant pays gas. 9 CAP! Pro Forma - Average rent now for 2/1 in area is $750-$1,000. Looking at At $850 a month, Gross $61,200. Minus expenses of $6300 Net; $54,900 - 12% Return.
    Exterior Features

    Exterior Brick Exterior Amenities Paved StreetsPorch Fencing Features Perimeter Levels One Level Parking Features 2 Spaces/Unit Roof Metal Style 1 Story

    Interior Features

    1 Bedroom Unit Number Of Baths 0 2 Bedroom Unit Kitchen Yes 2 Bedroom Unit Number Of Baths 2 3 Bedroom Unit Number Of Baths 0 4 Bedroom Unit Number Of Baths 0 Cooling Features Central AirGas Floors CarpetCeramicVinyl Heat Features CentralNatural Gas Interior Features Ceiling Fan(S)Smoke Alarm(S) Laundry Features Dryer Hook UpWasher Hook Up Number Of1 Bedroom Units 0 Number Of2 Bedroom Units 6 Number Of3 Bedroom Units 0 Number Of4 Bedroom Units 0

    Property Features

    1 Bedroom Unit Actual Rents 0.00 2 Bedroom Unit Actual Rents 39300.00 2 Bedroom Unit Deposit Yes 2 Bedroom Unit Includes 2 Car ParkingApplies To All UnitsCentral AirDishwasherDisposalGas HeatOwner Pays ElectricPatioRangeRefrigeratorTenant Pays Heat 2 Bedroom Unit Lease MY Yearly 3 Bedroom Unit Actual Rents 0.00 4 Bedroom Unit Actual Rents 0.00 Agent Owned No Auction No Builder Owned No Electric Features Cw&L Fips Code 31 Flood Zone Unknown Gas Features Natural Gas Gross Income 39300.00 Insurance Expense 1200.00 Landscape Expense 0.00 Lease Type Net Lot Description Level Maintenance Expenses 500.00 Management Expenses 0.00 Net Income 32759.00 Occupant Type Tenant Possession At Closing Property Subtype1 Apartments Reo Property No Sewer Septic City Sewer Short Sale No Tax Year 2020 Taxes 1241.00 Terms CashConventionalIn House Transaction Type Sale Utility Expense 3600.00 Water Supply City Zoning R-2

    © 2021 Jonesboro Board of REALTORS® MLS. All rights reserved.
     
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    Halsey Thrasher Harpole Real Estate Group
    301 W Washington
    Jonesboro AR, 72401