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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

    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.

    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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