Built in 2021, this 24 Unit, 6 building complex is cash flowing. The building is 100% occupied with rent at $1050 per unit, (current market is $1150-$1200). Each unit is ~900 square feet. The property is 3.01 acres. All brick exterior and new stained concrete flooring. Range, microwave, ceiling fans, washer & dryer, individual HVAC units. Two dedicated parking spaces per unit. Rent includes all utilities, basic cable, Wi-Fi, and home phone.

Exterior Brick Exterior Amenities Paved StreetsPorch Levels One Level Parking Features 2 Spaces/Unit Roof 3-Tab Shingles Style 1 Story

1 Bedroom Unit Number Of Baths 0 2 Bedroom Unit Kitchen Yes 2 Bedroom Unit Living Room Yes 2 Bedroom Unit Number Of Baths 1 3 Bedroom Unit Number Of Baths 0 4 Bedroom Unit Number Of Baths 0 Cooling Features Central Air Floors Acid StainConcrete Heat Features Central Interior Features CableCarbon Monoxide DetectorCeiling Fan(S)Climate ControlDsl Line Laundry Features Dryer ProvidedWasher Provided Number Of1 Bedroom Units 0 Number Of2 Bedroom Units 24 Number Of3 Bedroom Units 0 Number Of4 Bedroom Units 0 Window Treatment Blinds

1 Bedroom Unit Actual Rents 0.00 2 Bedroom Unit Actual Rents 1050.00 2 Bedroom Unit Includes 2 Car ParkingCentral AirDishwasherDisposalElectric HeatOwner Pays ElectricRangeRefrigerator 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 285754.00 Insurance Expense 13737.00 Landscape Expense 0.00 Lease Type Net Maintenance Expenses 16988.00 Management Expenses 32680.00 Net Income 202678.00 Occupant Type Tenant Possession At Closing Property Subtype1 Apartments Reo Property No Sewer Septic City Sewer Short Sale No Tax Year 2022 Taxes 21480.00 Terms Cash Transaction Type Sale Utility Expense 33120.00 Water Supply City

Listing information © 2023 Jonesboro Board of REALTORS® MLS.
Listing provided by Halsey Thrasher Harpole Real Estate Group: 870-972-9191.

804-904 Dr Martin Luther King Jr Drive

Description

School Information

Description

Monthly Payment Calculator

804-904 Dr Martin Luther King Jr Drive Jonesboro, AR 72401

Property Description

Exterior	Brick
Exterior Amenities	Paved Streets Porch
Levels	One Level
Parking Features	2 Spaces/Unit
Roof	3-Tab Shingles
Style	1 Story

1 Bedroom Unit Number Of Baths	0
2 Bedroom Unit Kitchen	Yes
2 Bedroom Unit Living Room	Yes
2 Bedroom Unit Number Of Baths	1
3 Bedroom Unit Number Of Baths	0
4 Bedroom Unit Number Of Baths	0
Cooling Features	Central Air
Floors	Acid Stain Concrete
Heat Features	Central
Interior Features	Cable Carbon Monoxide Detector Ceiling Fan(S) Climate Control Dsl Line
Laundry Features	Dryer Provided Washer Provided
Number Of1 Bedroom Units	0
Number Of2 Bedroom Units	24
Number Of3 Bedroom Units	0
Number Of4 Bedroom Units	0
Window Treatment	Blinds

1 Bedroom Unit Actual Rents	0.00
2 Bedroom Unit Actual Rents	1050.00
2 Bedroom Unit Includes	2 Car Parking Central Air Dishwasher Disposal Electric Heat Owner Pays Electric Range Refrigerator
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	285754.00
Insurance Expense	13737.00
Landscape Expense	0.00
Lease Type	Net
Maintenance Expenses	16988.00
Management Expenses	32680.00
Net Income	202678.00
Occupant Type	Tenant
Possession	At Closing
Property Subtype1	Apartments
Reo Property	No
Sewer Septic	City Sewer
Short Sale	No
Tax Year	2022
Taxes	21480.00
Terms	Cash
Transaction Type	Sale
Utility Expense	33120.00
Water Supply	City