Multifamily
Drake Street Apartments
316 Drake St, Jonesboro, AR 72401
Listing Price: $900,000
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale this property in Jonesboro, AR. This offering will allow a potential investor to purchase 6-units near downtown Jonesboro.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE DRAKE STREET APARTMENTS.
Drake Street Apartments
Investment Highlights
- 1.5 Miles (4-minute drive) from Arkansas State University and downtown Jonesboro
- 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 the area
- Buildings built on a slab, plex piping, and copper wiring
- All units have a washer and dryer included
- Each of the 3 buildings are metered seperately
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $900,000
Investment Highlights
- 1.5 Miles (4-minute drive) from Arkansas State University and downtown Jonesboro
- 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 the area
- Buildings built on a slab, plex piping, and copper wiring
- All units have a washer and dryer included
- Each of the 3 buildings are metered seperately
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale this property in Jonesboro, AR. This offering will allow a potential investor to purchase 6-units near downtown Jonesboro. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE DRAKE STREET APARTMENTS.
Exclusively Listed By
Broker of Record
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
