316 Drake St | Jonesboro, AR 72401
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316 Drake St
Jonesboro, AR 72401
Drake Street Apartments · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Rents are currently $109 below the market rate, offering immediate value-add potential
- 8 Miles (16 minute drive) from Craighead Technology Park, 2,100 acres of land serving as a hub for high-tech industries bringing high-skilled jobs to
- 1.5 Miles (4 minute drive) from Arkansas State University and downtown Jonesboro
Property Facts
| No. Units | 6 | Lot Size | 0.62 AC |
| Property Type | Multifamily | Building Size | 6,600 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 2022 |
| Building Class | B | Parking Ratio | 1.97/1,000 SF |
| Zoning | R-3 - Multi-Family High Density District. Maximum density in this zone is eighteen (18) dwelling units to an acre. | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.62 AC |
| Building Size | 6,600 SF |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | R-3 - Multi-Family High Density District. Maximum density in this zone is eighteen (18) dwelling units to an acre. |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | - | 1,100 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $123,999 | |
| Land Assessment | $6,000 | Total Assessment | $129,999 |
Property Taxes
Parcel Numbers
Land Assessment
$6,000
Improvements Assessment
$123,999
Total Assessment
$129,999
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