Welcome to the Multifamily Market 1900 Cedar Heights Dr and 405 Melrose St of the Cedar Heights 1st Addition in Jonesboro, Arkansas, within the Jonesboro School District. Opportunity Knocks! This prime piece of rental property offers 2 fourplexes totaling 8 income-producing units. The exteriors are wrapped in brick and vinyl, topped with 3-tab shingles, and accented by a parking lot, mature shade trees, and a small patio at each unit. The interior of each unit includes 2 bedrooms, 1.5 bathrooms, a living room and kitchen, and washer and dryer hookups. Each unit contains a refrigerator and stove and tenants pay electric. Occupied units are rented at $650 per month. Conveniently located near Arkansas State University and local retail and dining establishments. Call today to schedule your tour and make an investment in tomorrow.

Exterior BrickVinyl Siding Exterior Amenities PatioPaved Streets Levels Two Story Parking Features Paved Roof 3-Tab Shingles Style Other/See Remarks

1 Bedroom Unit Number Of Baths 0 2 Bedroom Unit Kitchen Yes 2 Bedroom Unit Living Room Yes 2 Bedroom Unit Number Of Baths 0 3 Bedroom Unit Number Of Baths 0 4 Bedroom Unit Number Of Baths 0 Cooling Features Central AirElectric Floors CeramicVinyl Heat Features Central Interior Features Ceiling Fan(s)Climate Control Laundry Features Electric Dryer Hook UpWasher Hook Up Number Of1 Bedroom Units 0 Number Of2 Bedroom Units 8 Number Of3 Bedroom Units 0 Number Of4 Bedroom Units 0

1 Bedroom Unit Actual Rents 0.00 2 Bedroom Unit Actual Rents 650.00 2 Bedroom Unit Includes Applies to All UnitsCentral AirPatioRangeRefrigeratorTenant Pays ElectricTenant Pays Heat 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 No Gross Income 0.00 Insurance Expense 3000.00 Landscape Expense 0.00 Lease Type Net Lot Description Level Maintenance Expenses 0.00 Management Expenses 0.00 Net Income 62400.00 Occupant Type Tenant Possession At Closing Property Subtype1 Bundled Only Reo Property No Sewer Septic City Sewer Tax Year 2025 Taxes 1620.00 Terms CashIn House Transaction Type Sale Utility Expense 3000.00 Water Supply City Zoning R-1

405 Melrose Street

Description

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Description

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405 Melrose Street Jonesboro, AR 72401

Property Description

Exterior	Brick Vinyl Siding
Exterior Amenities	Patio Paved Streets
Levels	Two Story
Parking Features	Paved
Roof	3-Tab Shingles
Style	Other/See Remarks

1 Bedroom Unit Number Of Baths	0
2 Bedroom Unit Kitchen	Yes
2 Bedroom Unit Living Room	Yes
2 Bedroom Unit Number Of Baths	0
3 Bedroom Unit Number Of Baths	0
4 Bedroom Unit Number Of Baths	0
Cooling Features	Central Air Electric
Floors	Ceramic Vinyl
Heat Features	Central
Interior Features	Ceiling Fan(s) Climate Control
Laundry Features	Electric Dryer Hook Up Washer Hook Up
Number Of1 Bedroom Units	0
Number Of2 Bedroom Units	8
Number Of3 Bedroom Units	0
Number Of4 Bedroom Units	0

1 Bedroom Unit Actual Rents	0.00
2 Bedroom Unit Actual Rents	650.00
2 Bedroom Unit Includes	Applies to All Units Central Air Patio Range Refrigerator Tenant Pays Electric Tenant Pays Heat
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	No
Gross Income	0.00
Insurance Expense	3000.00
Landscape Expense	0.00
Lease Type	Net
Lot Description	Level
Maintenance Expenses	0.00
Management Expenses	0.00
Net Income	62400.00
Occupant Type	Tenant
Possession	At Closing
Property Subtype1	Bundled Only
Reo Property	No
Sewer Septic	City Sewer
Tax Year	2025
Taxes	1620.00
Terms	Cash In House
Transaction Type	Sale
Utility Expense	3000.00
Water Supply	City
Zoning	R-1