Building Details

Year Built 1994

Buildings 1

Listing Agency: Compass Rose Realty c***@gmail.com Show Phone

Listed By: Kyah Mancil Show Phone

Source: Blairrealtors

Added: Aug 11 Changed: Nov 3 Last Checked: Nov 3 at 6:02AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Rose Realty

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Investment Insights

Based on property information with market context.

This four-unit residential property contains 3,276 square feet across four apartments, each configured with two bedrooms and one bathroom. Interior finishes include tile and vinyl flooring, and the building rests on a slab foundation. A newer roof with architectural shingles serves the property. The two occupied apartments have new gas HVAC systems, while two additional new HVAC systems are available for the vacant units and can be installed. New electric water heaters are also noted.

The property is at 1261 County Road 380 in Bono, just outside Jonesboro. Two of the four units are currently rented.

Key Highlights

• Four apartments, each with 2 bedrooms and 1 bathroom
• 3,276 square feet across the four‑unit property
• Two of four units currently rented

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,636

Cap Rate

6.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$432,720 $432.7K

Cap Rate 7%

$309,086 $309.1K

Cap Rate 9%

$240,400 $240.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,276 SF

Gross rent

$33.4K $10.20/SF

− Vacancy

−$2.5K −$0.77/SF

EGI

$30.9K $9.44/SF

− OpEx

−$9.3K −$2.83/SF

NOI

$21.6K $6.60/SF

Area

Craighead County, AR

Vacancy

7.50%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$432,720

Cap Rate 7%

$309,086

Cap Rate 9%

$240,400

Alternative Uses

Best Use

Multifamily LT 5

$309.1K

$270.5K – $360.6K (±1% cap)

NOI $21,636 @ 7.0% cap · market cap 6.66%

Second Best

Apartment 5plus

$280.7K

$245.7K – $327.5K (±1% cap)

NOI $19,652 @ 7.0% cap · market cap 6.05%

Theoretical Best

Office A

$573.5K

$501.9K – $669.1K (±1% cap)

NOI $40,148 @ 7.0% cap · market cap 12.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

50%

Occupancy

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Explore this area Business Placement

Demographics for 72416, AR

5,661

Population

2,405

Households

2.4

Avg Household Size

37

Median Age

19%

College-Educated

88%

High-School Grad

88.7 sq mi

ZIP Area

64

Density / Sq Mi

$72,452

Median Household Income

$36,421

Median Earnings

$891

Median Rent

$157,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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10186 Highway 63 N, Bono, AR 72416

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Frequently Asked Questions

What type of property is this?

Quadplex - Four two-bedroom apartments include tile and vinyl flooring, with two units currently occupied.

Where is this quadplex located?

The property is located at 1261 County Road 380 #800 Bono, AR.

What is the asking price?

The asking price for this property is $324,900.

What are key features of this property?

This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 3,276 square feet across the four‑unit property; Two of four units currently rented