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    79 Cr 141

    Corning, AR 72422
    • $299,900
    • STATUS: Active
    • ON SITE: 39 days
    • MLS #: 10094641
    UPDATED: 30 min ago
    $299,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,600
      SQFT
    • $83
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Multi-Family
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    *MASSIVE OPPORTUNITY to own a three year new, fully occupied and professionally managed,value added fourplex with a Cap rate of over 9%. Since new ownership has owned the property, rent has been increased by nearly $5000 annually as tenants are now responsible for their own,separately metered, electric. These 2 bed/1 bath units currently rent for $650/unit and have never remained vacant for longer than a week.Demand for quality rental units is extremely high in the Corning/Paragould. A waiting list of available tenants will convey to the new owner. Records are available upon request.Property is sitting on 1 acre of land, so more than enough to room to build/expand.These units are in excellent shape. Every unit has washer/dryer hookup, dishwasher, over range microwave and stove.Easy maintenance because of the stained concrete floors, vinyl siding and metal roof.You Must See This!

    Monthly Payment Calculator

    © 2021 Jonesboro Board of REALTORS® MLS. All rights reserved.
    www.neahomes4sale.com/homes/120601483
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    79 Cr 141 Corning, AR 72422

    • Price: $299,900
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 10094641
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,600
    SQFT
    $83
    $/SQFT
    Neighborhood:
    N/A
    County:
    Clay
    Area:
    Clay County
    Elementary School:
    Corning
    Middle School:
    Corning
    High School:
    Corning
    Property Description
    *MASSIVE OPPORTUNITY to own a three year new, fully occupied and professionally managed,value added fourplex with a Cap rate of over 9%. Since new ownership has owned the property, rent has been increased by nearly $5000 annually as tenants are now responsible for their own,separately metered, electric. These 2 bed/1 bath units currently rent for $650/unit and have never remained vacant for longer than a week.Demand for quality rental units is extremely high in the Corning/Paragould. A waiting list of available tenants will convey to the new owner. Records are available upon request.Property is sitting on 1 acre of land, so more than enough to room to build/expand.These units are in excellent shape. Every unit has washer/dryer hookup, dishwasher, over range microwave and stove.Easy maintenance because of the stained concrete floors, vinyl siding and metal roof.You Must See This!
    Exterior Features

    Exterior Vinyl Siding Levels One Level Roof Metal Style 1 StoryRanch

    Interior Features

    1 Bedroom Unit Number Of Baths 0 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 Floors Acid StainConcrete Heat Features Central Number Of1 Bedroom Units 0 Number Of2 Bedroom Units 4 Number Of3 Bedroom Units 0 Number Of4 Bedroom Units 0

    Property Features

    1 Bedroom Unit Actual Rents 0.00 2 Bedroom Unit Actual Rents 0.00 2 Bedroom Unit Includes Applies To All UnitsCentral AirDishwasherElectric HeatRangeRefrigeratorTenant Pays Electric 3 Bedroom Unit Actual Rents 0.00 4 Bedroom Unit Actual Rents 0.00 Agent Owned No Auction No Builder Owned No Electric Features Ar Elec. Coop Fips Code 21 Flood Zone Unknown Gross Income 31200.00 Insurance Expense 0.00 Landscape Expense 0.00 Lease Type Net Lot Description Level Maintenance Expenses 0.00 Management Expenses 0.00 Net Income 0.00 Possession At Closing Property Subtype1 Four-Plex Reo Property No Sewer Septic City Sewer Short Sale No Tax Year 0 Taxes 1751.66 Terms CashConventional Transaction Type Sale Utility Expense 0.00

    © 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