709 Airport Rd - Airport Rd 7 Units
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709 Airport Rd - Airport Rd 7 Units
7 Unit Apartment Building Offered at $629,900 at a 9.79% Cap Rate in Jonesboro, AR 72405
Investment Highlights
- Great Investment Opportunity!
Executive Summary
Multifamily investment opportunity just across the street from some of Jonesboro's newest high-end homes! These one-level 7 units are on Airport Rd just minutes from the newest amenities coming to town. This property is just north of Prospect Rd, and sit one mile south of Hwy 49 and one mile north of Aggie Rd. These two bedroom, 1 bathroom units that have been well maintained. Units are full other than one vacant to allow for showings. These units have excellent rental history with plenty of room to increase if a new owner so desired. Located in a very desirable part of Jonesboro this property has incredible upside with a lot of development taking place all around the area.
Property Facts
| Price | $629,900 | Property Type | |
| Price Per Unit | $89,986 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Size | 3,900 SF |
| Cap Rate | 9.79% | No. Stories | 1 |
| No. Units | 7 | Year Built | 2006 |
| Price | $629,900 |
| Price Per Unit | $89,986 |
| Sale Type | Investment |
| Cap Rate | 9.79% |
| No. Units | 7 |
| Property Type | |
| Apartment Style | Low Rise |
| Building Size | 3,900 SF |
| No. Stories | 1 |
| Year Built | 2006 |
Unit Amenities
- Air Conditioning
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $835.00 | - |
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709 Airport Rd - Airport Rd 7 Units
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