NOT LISTED FOR SALE
Studio
-- Bath
2,808 Sq Ft
100 Sq Ft Lot

Sale Details

Date Sold: April 1, 2025

Last sale price $400,000 $142 Per Sq Ft

68 Days on Market

Highlights

  • Multiple Garages
  • Level Lot
  • Vinyl Flooring
  • 1-Story Property

About This Home

As of April 2025

Discover an exceptional investment opportunity with this fully occupied 6-unit apartment building, strategically located within the city limits of Jonesboro, Arkansas. Situated on a generous 0.33-acre lot, this property offers both stability and growth potential. The exterior of the building has been repainted, enhancing curb appeal and reducing future maintenance costs. Additionally, three of the six units have been updated, offering increased rental value. A new water main has been installed, ensuring reliable service and reducing the likelihood of future disruptions. While the property is currently fully occupied, there remains significant value-add potential. Investors can explore opportunities to further update the remaining units or optimize rental rates to increase overall revenue. This property represents a solid investment with immediate income and potential for further growth. Don't miss the chance to capitalize on this opportunity in the vibrant Jonesboro market.

Last Agent to Sell the Property

Craig Melton

Coldwell Banker Village Communities Listed on: 11/19/2024

Coldwell Banker Village Communities

Last Buyer's Agent

Dylan Driggers

ESQ. Realty Group - Hot Springs

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,627

Year Built

  • Built in 1988

Lot Details

  • 100 Sq Ft Lot
  • Level Lot
  • Cleared Lot

Parking

  • Multiple Garages

Home Design

  • Slab Foundation
  • Brick Frame
  • Architectural Shingle Roof

Interior Spaces

  • 2,808 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Schools

  • Jonesboro Elementary And Middle School
  • Jonesboro High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Cable TV Available

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 01-144083-15300

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,627

Year Built

Built in 1988

Lot Details

100 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Inside City Limits: Yes
  • LVT Date: 11/19/2024
  • Road Surface: Paved
  • Street Designation: Street
  • Type: Apartments
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Zoning: R-2
  • Source Of Sq Ft: Courthouse
  • Estimated Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1988

Interior Features

  • Floors: Vinyl
  • Foundation: Slab
  • Stories: One Story

Exterior Features

  • Exterior: Brick & Frame Combo
  • Roof: Architectural Shingle

Garage/Parking

  • Garage/Parking: Four Car Or More

Utilities

  • Utilities: Sewer-Public, Electric-Municipal, Tv-Cable
  • Heating And Air Cond: Window Units

Schools

  • Junior High: MacArthur

Lot Info

  • Estimated Lot Size: 0.33
  • Estimated Lot Size: 100 x 145
  • Lot: Level, Cleared
  • Geo Subdivision: AR
  • Parcel Number: 01-144083-15300

Rental Info

  • Lease Type: Monthly

Multi Family

  • Maximum Rent One Bedroom: 725
  • Minimum Rent One Bedroom: 635
  • Number Of One Bathroom Unitss: 6
  • Number Of One Bedroom Units: 6
  • Number Units: 6

Tax Info

  • Annual Taxes: 1627.4
  • Year: 2023

MLS Schools

  • Elementary School: JONESBORO
  • HighSchool: JONESBORO
  • Middle School: JONESBORO

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2024
Closed on
Mar 31, 2025
Sold by
Bought by
Seller's Agent
Craig Melton
Coldwell Banker Village Communities
Buyer's Agent
Dylan Driggers
ESQ. Realty Group - Hot Springs
List Price
$424,900
Sold Price
$400,000
Premium/Discount to List
-$24,900
-5.86%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$194,584
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Oct 1, 2021
Closed on
Nov 19, 2021
Sold by
Bought by
Buyer's Agent
Mason Henry
Blue Sky Realty
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.62%
Original Mortgage
$191,250
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 1990
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$400,000 Professional Land Title
$225,000 None Listed On Document
$95,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $320,000
Previous Owner $264,000
Previous Owner $191,250
Previous Owner $83,832
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/01/2025 04/01/25 Sold $400,000 -5.9% $142 / Sq Ft
01/26/2025 01/26/25 Pending -- -- --
11/19/2024 11/19/24 For Sale $424,900 +28.8% $151 / Sq Ft
08/30/2022 08/30/22 Sold $330,000 0.0% $118 / Sq Ft View Prior Sale
08/01/2022 08/01/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $330,000 +46.7% $118 / Sq Ft
11/19/2021 11/19/21 Sold $225,000 0.0% $75 / Sq Ft View Prior Sale
10/01/2021 10/01/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $225,000 -- $75 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,667 $39,500 $4,000 $35,500
2024 $1,667 $39,500 $4,000 $35,500
2023 $1,627 $39,500 $4,000 $35,500
2022 $1,627 $39,500 $4,000 $35,500
2021 $1,160 $28,480 $1,600 $26,880
2020 $1,083 $28,480 $1,600 $26,880
2019 $1,006 $28,480 $1,600 $26,880
2018 $928 $28,480 $1,600 $26,880
2017 $851 $28,480 $1,600 $26,880
2016 $774 $18,340 $1,600 $16,740
2015 $774 $18,340 $1,600 $16,740
2014 $774 $18,340 $1,600 $16,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 24042006

Cooperative Arkansas REALTORS® MLS
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