2003-2007 Belt Street, Unit 2003, 2005, 2007 Belt

Home » All Multifamily Properties » Chicago & Midwest » 2003-2007 Belt Street, Unit 2003, 2005, 2007 Belt

Address: 2003-2007 Belt Street, Unit 2003, 2005, 2007 Belt, Jonesboro, Arkansas, US

Chicago & Midwest + Apartment Buildings

Created date: July 16, 2024

Date last updated: July 22, 2024

Property Description

Coldwell Banker Commercial is pleased to present The Vue on Regency Arms. This 29- unit apartment complex (all 1 bed / 1 bath units with an additional equipment owned on-site laundry) located a short distance from Arkansas State University, Riceland Foods, and Jonesboro Historic Downtown. This property is priced to sell with a motivated seller who is willing to seller finance with a minimum of $200,000 down payment with specified terms. Ownership has invested nearly $600,000 in upgrades since 2020 that includes new roofs, new vinyl siding, HVAC window units, new sewer lines, and the full interior renovation of 19 units and partial renovations in the other 10. The property offers a unique opportunity for a savvy investor to increase value without the expense of CapEx simply by completing increasing occupancy with lease up currently underway. All offers will be reviewed.

Available

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,275,000
No. of Units:	29
Lot Size:	14,400.00 Sq ft
Opportunity Zone:	No
Price per unit:	$43,966
Property Website	Click Here
Number of Bedrooms:	0
Number of Bathrooms:	0

Address: 2003-2007 Belt Street, Unit 2003, 2005, 2007 Belt, Jonesboro, AR 72401, USA

Provided by:

Standard Status: Active

MLS Listing Number: 24015062
ID: 3yd-CARMLS-24015062

Copyright Disclaimer: Copyright © 2024 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.