1906 W Matthews Ave - Apartments FOR SALE


Jonesboro, AR 72401
$4,750,000 USD
870-926-2648
1906 W Matthews Ave, Jonesboro, AR for Sale
$4,750,000 USD
Apartments - FOR SALE
1/108
null | 5.29% Cap Rate

1906 W Matthews Ave
Jonesboro, AR 72401


HIGHLIGHTS

  • Located close to St. Bernards Hospital and RiceLand foods.

OVERVIEW

47-Unit Multifamily Investment Opportunity Value-Add Apartment Community | Jonesboro, Arkansas Property Overview 47 total apartment units Interior renovations completed ~4 years ago Exterior needs cosmetic updating (paint, landscaping, signage) — ideal for value-add investor Strong unit mix (1 & 2-bedroom configurations; detailed rent roll available upon request) Professionally maintained interior systems with modern finishes Prime Location Situated in Jonesboro, AR, a regional employment and education hub anchored by Arkansas State University and local industries Growing population with steady rental demand Proximity to shopping, dining, healthcare, and major transportation corridors Market Strengths Jonesboro’s housing and rental market continue to show long-term demand; median rents in the area are in line with regional trends, and housing prices reflect sustained economic activity. Multifamily assets in the Jonesboro area have seen strong investor interest — larger multifamily transactions have closed in the market recently, signaling confidence from institutional and private capital. Investment Highlights Cash flow from day one with potential rent increases following exterior improvements Exterior renovation/upgrades can significantly improve curb appeal and asset valuation Value-add strategy geared toward achieving higher rents and improved NOI Perfect for 1031 exchange buyers, private equity groups, or multifamily portfolio diversifiers Financials Available upon request: Detailed rent roll Operating income and expense statements Pro forma cap rate with exterior value-add projections ?? Contact William Gay at 870-926-2648 to request full investment package (including financials, site plan, leasing status, and specialty lender referrals).

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

47

PRICE/UNIT

$101,064

CAP RATE

5.29%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stratford Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

67

LAND DETAILS

LAND ACRES

3.53 AC

LAND SF

153,767 SF

ZONING

R-2

APN/PARCEL ID

01-143144-05000

ASK ABOUT THIS PROPERTY

William GayHalsey Real EstateMore Info
870-926-2648

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William GayHalsey Real EstateMore Info
870-926-2648

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.