• Jonesboro, AR 72401

  • 14,400 SqFt
  • Other / Owner Financing

Property Details for null St, Jonesboro, AR 72401

Features

Facts

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

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.

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Property Brokerage: COLDWELL BANK VILLAGE COMMUNITIES 2704 S Culberhouse #a Jonesboro AR 72401
Copyright © 2024 Northeast Arkansas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.