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Listed by Andrea Andrews • Compass Rose Realty
$375,000
Est. payment /mo
6,716 SqFt
Price Dropped by $24K
Melrose Street Jonesboro, AR 72401
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Key Details
Property Type Other Types
Sub Type Bundled Only
Listing Status Active
Purchase Type For Sale
Square Footage 6,716 sqft
Price per Sqft $55
Subdivision Cedar Heights
MLS Listing ID 10129132
Style Other/See Remarks
Annual Tax Amount $1,620
Tax Year 2025
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Bundled Only
Property Description
Welcome to the Multifamily Market *TWO QUADS* 1900 Cedar Heights Dr AND 405 Melrose St of the Cedar Heights 1st Addition in Jonesboro, Arkansas, within the Jonesboro School District. Opportunity Knocks! This prime piece of rental property offers 2 fourplexes totaling 8 income-producing units. The exteriors are wrapped in brick and vinyl, topped with 3-tab shingles, and accented by a parking lot, mature shade trees, and a small patio at each unit. The interior of each unit includes 2 bedrooms, 1.5 bathrooms, a living room and kitchen, and washer and dryer hookups. Each unit contains a refrigerator and stove and tenants pay electric. Occupied units are rented at $650 per month. Conveniently located near Arkansas State University and local retail and dining establishments. Call today to schedule your tour and make an investment in tomorrow.
Location
State AR
County Craighead
Area B
Zoning R-1
Interior
Interior Features Ceiling Fan(s), Climate Control
Heating Central
Cooling Central Air, Electric
Flooring Ceramic, Vinyl
Exterior
Exterior Feature Patio, Paved Streets
Roof Type 3-Tab Shingles
Building
Sewer City Sewer
Schools
Elementary Schools Jonesboro Magnet
High Schools Jonesboro High School
Others
Tax ID New, Under Construction or Bundled Only
NEARBY SCHOOL & BUSINESS
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