Cross Keys Apartments consists of 46 1BR/1BA apartments. This is a value add property. Seller has priced the complex well below appraised value. Gross Rev in 2011 was $143,118. 2012 was $129,571. 2013 $98,272. Downward trend was a result of a lack of capital and poor management. 5 of the 10 roofs were replaced in 2010. Tenants pay electricity. Seller's records of expenses is not deemed to be reliable due to poor management and accounting. Estimate for expenses is $55,000-$60,000 per year.
Off market
$1,069,000
306 S Jp Wright Loop Rd, Jacksonville, AR 72076
--beds
0baths
21,906sqft
MultiFamily
Built in 1988
-- sqft lot
$1,069,000 Zestimate®
$49/sqft
$1,022 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Cooling
- Other
Appliances
- Included: Dishwasher, Garbage disposal
Features
- Flooring: Linoleum / Vinyl
Interior area
- Total interior livable area: 21,906 sqft
Property
Lot
- Size: 1.58 Acres
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 1988
Community & neighborhood
Location
- Region: Jacksonville
Services availability

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