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Author Topic: Investment property in Jonesboro, Arkansas ($79,300) *REDUCED*  (Read 1254 times)
BayAreaCoins
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December 12, 2015, 04:13:18 AM
Last edit: April 19, 2016, 01:10:28 PM by BayAreaCoins
 #1



http://www.realtor.com/realestateandhomes-detail/3014-Parkwood-Rd_Jonesboro_AR_72401_M86274-88487

Looking to sell a house that I own in Jonesboro, Arkansas located at:

3014 Parkwood
Jonesboro, Arkansas 72401

The locations is absolutely beautiful and the home next door recently rezoned commercial.  The back street has a stop light on either end and this area I would imagine will be a future parking lot or business office.  This area of town has experienced some fairly remarkable growth in the past 5 years.

I use a ERA DOTY REAL ESTATE for my property management people and they have been excellent for me thus far.  The house earns a month renting.

Realtor:  Janie Sinner-Hat (ERA DOTY REAL ESTATE)
Email:  Janie@DotyProperties.com
Phone number:  (870)-897-9386

The house will be officially listed next week with Janie and I'll update links/pictures.


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vleroybrown
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December 16, 2015, 12:56:07 AM
 #2

Whats the cap rate?  Is the property currently vacant, are you going to have it pre-inspected and post the report here? 

I will keep it in mind for potential buyers.  Real interested in this closing for BTC if you have a payoff on a mortgage also.

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December 16, 2015, 04:49:43 AM
Last edit: December 16, 2015, 05:01:08 AM by BayAreaCoins
 #3

Whats the cap rate?

Not sure what you mean.

Is the property currently vacant, are you going to have it pre-inspected and post the report here?  

There is a tenant currently.  I'm not sure what the Realtor plans on doing.  

I will keep it in mind for potential buyers.  Real interested in this closing for BTC if you have a payoff on a mortgage also.

It's a great location in Jonesboro.  Right down the street from the Rolex store, one house away from Five Guys and a number of other food places.  Fire station is located at the end of the road.

Take a tour Tongue: https://www.google.com/maps/@35.8171109,-90.6674669,3a,75y,307.32h,83.87t/data=!3m6!1e1!3m4!1sc-9MN4omHL7p0JosaX-zOA!2e0!7i13312!8i6656

It does have a mortgage to pay off.  Shouldn't cause any problems.

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December 16, 2015, 07:46:17 AM
 #4

Whats the cap rate?

Not sure what you mean.

Is the property currently vacant, are you going to have it pre-inspected and post the report here?  

There is a tenant currently.  I'm not sure what the Realtor plans on doing.  

I will keep it in mind for potential buyers.  Real interested in this closing for BTC if you have a payoff on a mortgage also.

It's a great location in Jonesboro.  Right down the street from the Rolex store, one house away from Five Guys and a number of other food places.  Fire station is located at the end of the road.

Take a tour Tongue: https://www.google.com/maps/@35.8171109,-90.6674669,3a,75y,307.32h,83.87t/data=!3m6!1e1!3m4!1sc-9MN4omHL7p0JosaX-zOA!2e0!7i13312!8i6656

It does have a mortgage to pay off.  Shouldn't cause any problems.

The cap rate would be figured using rental management figures.  Basically accounting for the the net income / investment for percentage return on the property.

Without some BTC addendum or contract stipulation to the standard available Realtor contract forms package, your broker and escrow/title companies are not going to approve the HUD-1 with Bitcoin in a line to payoff that mortgage.  In the chance BTC is used, and worked into the contracts for close, I would be very interested in seeing the HUD-1 and contracts myself pre or post closing.      
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December 16, 2015, 04:12:29 PM
 #5

The cap rate would be figured using rental management figures.  Basically accounting for the the net income / investment for percentage return on the property.

Hopefully this property will be a parking lot soon.

Without some BTC addendum or contract stipulation to the standard available Realtor contract forms package, your broker and escrow/title companies are not going to approve the HUD-1 with Bitcoin in a line to payoff that mortgage.  In the chance BTC is used, and worked into the contracts for close, I would be very interested in seeing the HUD-1 and contracts myself pre or post closing.      

If it's legal... we can make a contract I'd imagine  Wink.

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December 17, 2015, 01:13:39 AM
 #6

I use to live in Guy!

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December 17, 2015, 05:02:39 PM
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I use to live in Guy!

In Jonesboro?

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December 18, 2015, 04:34:48 AM
 #8

wow thats a pretty nice house for 82k. I live in california near
san francisco and you cant get a closet for 82k lol.  Maybe I
should consider getting out of this expensive state.

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December 18, 2015, 04:43:44 AM
Last edit: December 18, 2015, 05:03:25 AM by BayAreaCoins
 #9

wow thats a pretty nice house for 82k. I live in california near
san francisco and you cant get a closet for 82k lol.  Maybe I
should consider getting out of this expensive state.

Preaching to the choir Cheesy.

The trick is to earn in SF and then ship it back to the poor states.  You can buy houses and such in Arkansas for next to nothing.  Sorta like the Mexicans, but within our own county.

Little article about the smallest house in SF that recently went on the market:  http://www.nbcbayarea.com/news/local/Small-Cottage-On-The-Smallest-Lot-in-San-Francisco-On-Sale-For-599000-361114901.html

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December 19, 2015, 01:12:04 AM
 #10


No, it was about 40min north of Conway, and 10min north of Greenbrier

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December 19, 2015, 05:05:18 AM
 #11

wow thats a pretty nice house for 82k. I live in california near
san francisco and you cant get a closet for 82k lol.  Maybe I
should consider getting out of this expensive state.

Preaching to the choir Cheesy.

The trick is to earn in SF and then ship it back to the poor states.  You can buy houses and such in Arkansas for next to nothing.  Sorta like the Mexicans, but within our own county.

Little article about the smallest house in SF that recently went on the market:  http://www.nbcbayarea.com/news/local/Small-Cottage-On-The-Smallest-Lot-in-San-Francisco-On-Sale-For-599000-361114901.html
That's fantastic!  I'm up north in CT, and you cannot get anything of quality for $82K--and we have the winters and Tristate-area asshole drivers to deal with.  Good luck with your sale, it's a smart investment.

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December 21, 2015, 02:07:08 PM
 #12

$35,000 in cash
BayAreaCoins
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April 19, 2016, 01:08:44 PM
 #13

price reduced and new pictures soon

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April 20, 2016, 08:41:24 PM
 #14

$35,000 in cash

No thank you!

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