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    FOR SALE
    Apartment buildings

    324 Russell Dr, Jonesboro, AR 72401

    Built 1978
    Property ID
    US05-0915901
    Property summary
    AI-generated overview

    The Vue on Sybel & Russell Apartments is a 7-unit, 5,950-square-foot multifamily community located within an established residential area of Jonesboro, Arkansas. The property benefits from proximity to key employment drivers, retail corridors, and essential services, supporting consistent rental demand. This stabilized, income-producing asset presents a compelling opportunity for investors seeking scale-appropriate exposure in a growing secondary market. With a manageable unit count and clear operational upside, The Vue on Sybel & Russell offers an attractive acquisition for both local and regional multifamily investors. 5,950 Rentable SF across 7 Units in 2 adjacent Apartment Buildings Stabilized cash-flowing asset with historically exceptional occupancy. Renovated in 2022 with room to add additional value through further upgrades. By securing an asset that has already undergone significant capital improvements we mitigate immediate execution risk while positioning the property to capture "Class B+" rents at a "Class C" acquisition basis.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1978
    UPID US05-0915901
    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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