Prestige Apartments

 

$2,326,050
Offering Price
35
Number of Units
$66,459
Price Per Unit
34,340
Building SF
9.42%
Cap Rate
38,768
Land SF
$2,326,050
Offering Price
35
Number of Units
$66,459
Price Per Unit
34,340
Building SF
9.42%
Cap Rate
38,768
Land SF

  • The Prestige Apartments at 531 Oak Street are located on the corner of Oak Street and Raines, just one city block from St. Bernard' s Regional Medical Center, Jonesboro' s largest employer. The complex was built in 1975 and is made up of four, 2-story apartment buildings and contains 34 individual units. There are one bedroom and two bedroom units available, as well as, parking on site for residents. Located along U.S. Highway 63 (soon to be Interstate 555), Jonesboro is the retail epicenter of Northeast Arkansas. Despite negative trends of other marketplaces nationwide, Jonesboro is one of only 26 cities in the 363 metropolitan statistical areas in the U.S. that has not only recovered jobs lost from the economy' s recent downfall but has added to them!

  • Jonesboro continues to be the primary bastion of growth and investment. Serving a trade area of over 500,000 people in almost twenty-four counties in Arkansas, Missouri and Tennessee, Jonesboro has steadily grown over 40% in size since 1990 and is estimated to maintain that same or greater level of growth over the next 20 years. With a 363,689 primary trade area population, Jonesboro clearly serves more than its 68,000 residents. The city is also home to Arkansas State University which is the second largest college system in the state, averaging over 17,000 students. A-State employs over 1,850 people and offers degree levels from associates, bachelors, and masters to specialists
FOR MORE DETAILS CONTACT
Jason Postill
Managing Partner
(386) 679-5729
info@jpcapitalsolutions.com
BK3337232