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$2,450,000

531 E Oak Ave
Jonesboro, Arkansas, United States

Listed By: Realtyww Info

Listed On: 05/29/2023

Listing ID: GL10347285 View More Details

Description

(531 E. Oak Ave.) is a 35-unit multifamily building and the largest asset of the portfolio. Built in 1986, the property consists of 16 1 Bd/1 Ba units and 19 2 Bd/1 Ba units. The property is located in the heart of downtown Jonesboro, within walking distance of Main St., which is home to a number of restaurants, bars, and entertainment. The subject property is across the street from St. Bernard's Medical Center, a 440-bed acute care hospital, employing approximately 4, 328 workers. Offered at $2, 450, 000, with pricing indicators of $70, 000/unit, a 6.77 GRM, and a 7.31% cap rate. This property is a part of a listing portfolio with two other apartment complexes. Please see MLS #10106159 and MLS #10106164. Owner reserves the right to sell properties together or separate.

For more details:

Listed by: Halsey Thrasher Harpole Real E
Source: The World Property Journal

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