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3601 School Street

Jonesboro, AR 72401
  • $425,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 10095611
UPDATED: 180 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/122058406
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3601 School Street Jonesboro, AR 72401

  • Price: $425,000
  • Status: Active
  • Updated: 180 min ago
  • MLS #: 10095611
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 47160.00 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

Listing information © 2021 Jonesboro Board of REALTORS® MLS.
Listing provided courtesy of Arnold Group.

© 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