131 Marion Berry Parkway, Jonesboro, AR 72401

Property Description

131 Marion Berry Parkway is a 22-unit multifamily building remodeled in 2018. The property features 22 2 Bd/1 Ba units, which is the perfect unit mix for college students looking to share a unit to reduce costs. The property is located across the street from Arkansas State University, which as previously mentioned is the second largest university in the state of Arkansas. Arkansas State University (ASU) is well known for being a national doctor research facility and features a wide variety of degrees from Agricultural to Biotechnology to Finance and Communications. The university also has a Division 1 NCAA football program in the Sun Belt Conference, playing at Centennial Bank Stadium, a 30,406 seat stadium. The property is offered at $1,600,000, with pricing indicators of $72,727/unit, a 7.13 GRM, and 7.63% cap rate. This property is a part of a listing portfolio with two other apartment complexes. Please see MLS #10106164 and MLS #10106163. Owner reserves the right to sell properties together or separate.