Fantastic investment opportunity in Jonesboro, AR! This property boasts 8 units designed for low maintenance living. With an all-brick exterior and mostly hard surface, tile flooring, upkeep is a breeze. Each unit features 2 bedrooms, 1 full bathroom upstairs, and a convenient half bath downstairs. All units are equipped with electric utilities and appliances, including a range, refrigerator, and dishwasher. Currently, 3 units are rented at $625/month, with the remaining units going for $650/month. Don't miss out - contact us today for any inquiries or to schedule a viewing
Listed by Trenton Hoggard• Century 21 Portfolio
Redfin checked: just now (Sept 22, 2023 at 5:02pm)
•Source:NEABOR MLS #10106447
Home facts
Time on Redfin
99 days
Property Type
Multi-Family (5+ Unit)
Style
Apartments
Community
Cedar Heights
Lot Size
8,751 Sq. Ft.
Price insights
List Price
$499,900
Est. Mo. Payment
$3,382
Price/Sq.Ft.
$73
Street View
Directions
Payment calculator
$3,382 per month
Principal and interest$2,873
Property taxes$130
Homeowners' insurance$379
Down payment
20% ($99,980)
Home price
$499,900
Loan details
7.78%
Additional resources
Down payment assistance
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Electricity and solar
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Internet
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Provided by Down Payment Resource, Wattbuy, and AllConnect
Showing nearby schools. Please check the school district website to see all schools serving this home.
GreatSchools Summary Rating
6/10
International Studies Magnet
Public, 1-6 • Nearby school • 1.6mi
5/10
Visual & Performing Art Magnet
Public, 1-6 • Nearby school • 1.8mi
4/10
Douglas MacArthur Junior High School
Public, 7-9 • Serves this home • 1.8mi
-/10
The Academies At Jonesboro High School
Charter, 10-12 • Serves this home • 2.2mi
-/10
Jonesboro Vocational Center
Public, 9-12 • Nearby school • 2.2mi
School data is provided by GreatSchools, a nonprofit organization. Redfin recommends buyers and renters use GreatSchools information and ratings as a first step, and conduct their own investigation to determine their desired schools or school districts, including by contacting and visiting the schools themselves. Redfin does not endorse or guarantee this information. School service boundaries are intended to be used as a reference only; they may change and are not guaranteed to be accurate. To verify school enrollment eligibility, contact the school district directly.
Around this home
Transportation near 500 Melrose St
29/100
Car-dependent
Walk Score®
35/100
Somewhat bikeable
Bike Score®
Places
7 groceries, 23 restaurants, 0 parks
Transit
11, 32, 40, 42
Climate risks
About climate risks
Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels.
Risk Factor
Flood Factor - Minimal
Unlikely to flood in next 30 years
Fire Factor - Minor
0.00% chance of being in a wildfire in next 30 years
Heat Factor - Major
7 days above 108° expected this year, 22 days in 30 years
Wind Factor - Moderate
7% chance of strong winds in next 30 years
Provided by First Street Foundation
Redfin Estimate for 500 Melrose St
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500 Melrose St is a 6,808 square foot multi-family home on a 8,751 square foot lot. 500 Melrose St is a multi-family home currently priced at $499,900.
How many photos are available for this home?
Redfin has 12 photos of 500 Melrose St.
How long has this home been listed on Redfin?
500 Melrose St has been listed on Redfin for 99 days since June 15, 2023.
What’s the full address of this home?
The full address for this home is 500 Melrose Street, Jonesboro, Arkansas 72401.