2003-2007 Belt Street

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Address: 2003-2007 Belt Street, Jonesboro, Arkansas, US
Created date: May 2, 2024
Date last updated: May 15, 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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,450,000
No. of Units: 29
Lot Size: 14,400.00 Sq ft
Opportunity Zone: No
Price per unit: $50,000
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 2003-2007 Belt Street, Jonesboro, AR 72401, USA
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