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800-813 N 8th Avenue, Paragould, AR 72450
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Sunrise Estates is a development that is under way in eastern Paragould. This promising development has 16 buildings currently with two units per building (duplexes) on individual lots on 8th Ave. There are 21 additional lots that have all utilities in place. They are builder ready. The street was new in March of 2018. The gross income for each building is $6420 per unit and the tenants pay for all utilities and trash pickup. The property owner takes care of the lawns to provide consistency in the development. These units are very nice with 2BR/1BA units including Kitchens, Washer/Dryer Hookups and Large Living areas. These units stay full as the Paragould market is desperate for new affordable housing. The real opportunity still remains in the 21, permit ready, lots for a builder or developer that each could sustain a duplex or quad for these lots, bringing the total on this street to 116 units. Adjacent to this development is another 17 acres which is also zoned multi-family that could support many more units depending on the developers desire to 7th Avenue. Much of this property could be developed without adding a street by using access from Northend Avenue and Bard Road.
  • Price:
  • $2,499,000
  • Acreage:
  • 25.74
  • Listing ID #:
  • 10077026
  • Street Address:
  • 800-813 N 8th Avenue
  • City:
  • Paragould
  • State:
  • Arkansas
  • Postal Code:
  • 72450
  • Community:
  • Paragould
  • Subdivision:
  • Sunset Hills
  • Listing Status:
  • Active
  • Age Of Dwelling:
  • 1-5
  • Exterior Features:
  • Paved Streets
  • Flooring:
  • Concrete, Acid Stain
  • Interior Features:
  • Ceiling Fan(s), Smoke Alarm(s)
  • Number Of Units:
  • 21+
  • Siding:
  • Vinyl Siding
  • Style:
  • 1 Story
  • Net Operating Income:
  • 177, 792.00
  • Conforms To Zoning:
  • R-2
  • Federal Flood Zone:
  • Yes
  • For Sale Or Lease?:
  • For Sale
  • Price Per Square Foot:
  • 97086.25
  • Property Taxes:
  • $0
  • Tax Year:
  • 2016
  • Parking Description:
  • 2 Spaces/Unit
  • Cooling System:
  • Central Air, Electric
  • Electricity:
  • Separate Meters, City
  • Existing Water:
  • City
  • Heating:
  • Central, Electric
  • Laundry:
  • Dryer Hook Up, Washer Hook Up
  • Sewage Type:
  • City Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Halsey Thrasher Harpole Real Estate Group
  • JBORAR
  • Schools information provided by ATTOM