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    OFF-MARKET
    Small apartment buildings

    2617 Church St, Jonesboro, AR 72401

    2 ac lot
    Property ID
    US05-1388309
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 2-acre lot in Jonesboro, Arkansas, ideally situated at 2617 N Church, zip code 72401. The property is classified as multifamily and commercial, encompassing a 10-unit mobile home park. Currently, there are no traditional apartment units on the site. The asking price for this property is $259,900. Located in Craighead County, this property offers significant potential for investors seeking a foothold in the Jonesboro market. The substantial 2-acre lot provides ample space for future development or expansion of the existing mobile home park. Detailed financial information is available upon request. This is a rare chance to acquire a well-positioned multifamily asset with considerable upside potential in a growing Arkansas community. The property's location at 35.874396 latitude and -90.70323 longitude offers easy access to local amenities and transportation routes. This turnkey investment is ready for a new owner to capitalize on its existing income stream and explore further development possibilities. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Property profile
    Verified
    Property type Small apartment buildings
    Lot 2 ac (87,120 SF)
    UPID US05-1388309
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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