Arkansas State Real Estate Foundation

Michael Watson Estate Auction

Leslie Ann Dr., Jonesboro, Arkansas

Property Overview

King Real Estate is proud to be engaged by the Arkansas State University Real Estate Foundation to offer a portfolio of real estate which was graciously donated by Michael Watson and The Michael Watson Estate. The proceeds are set to benefit the Arkansas State University business department as well as the Arkansas State University athletic program. All properties are located along Leslie Ann Dr. in the city limits of Jonesboro, Arkansas. The portfolio is a combination of 28 residential apartment units. The properties are currently providing a great cash flow which make a great investment for a new buyer or someone wanting to add income to an existing portfolio. 

Auction Overview

This portfolio will be offered via a live Auction as individual units as well as in packages of properties and are subject to Seller's confirmation. See information below on dates and times of the auction.

Auction Location, Date & Time

The Auction will take place at the Arkansas State University's Cooper Alumni Center on the Campus of ASU. The Alumni Center is located at 2600 Alumni Blvd., Jonesboro, AR 72401. The Auction will be conducted on Tuesday May 22nd @ 10:00 am CST. Registration will begin at 9:00 am CST. 

 

Preview Information

All previews of the properties will be by appointment only.

Terms & Conditions

Cash sale with no contingencies. Purchase is subject to Seller's Confirmation. See full list of terms & conditions below.

Broker & Auctioneer Information

Joel King, PB00030120 / AALB 184

Broker Participation

Buyer representation is welcomed. Please contact King Real Estate for a required broker participation form. Forms are to be submitted 48 hours in advance of the scheduled auction start date. 

Disclaimer

All information displayed is based upon information provided by the seller and/or sources that are believed to be accurate; however, purchaser and/or purchasers agent/broker shall bear the responsibility to confirm all calculations prior to the auction.  All information contained in marketing material was derived from sources believed to be accurate but is not guaranteed.

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Property Information Packet

Financial Information

Terms & Conditions

Aerial Map

Example Auction Real Estate Sales Contract

Properties to be Offered

3524 Leslie Ann Dr.  -  (1) 4-Plex / 4 Total Units

Very well maintained 4-Plex consisting of (2) 2 bedroom & (2) 1 bedroom/ (1) Bath units. The 4-plex also has a storage/office area that would be great for storage materials for the apartment units or a great place for the apartment office. 

3520 Leslie Ann Dr.   6-Plex / 6 Total Units

Well maintained 6-plex apartment unit located in a great area of Jonesboro, AR. All six units contain 1 bedroom & 1 bath. The apartment is constructed of brick veneer which present very minimal exterior maintenance.

319 Leslie Ann Dr.  -  (2) 4-Plex & (1) Triplex / 11 Total Units

319 Leslie Ann Dr. contains 11 total residential apartment units. The apartments are divided into (2) 4-plex & (1) triplex. Units 1-7 are all 2 bedroom/ 2 bathroom units while units 8-11 are all 1 bedroom/ 1 bathroom units. 

325 Leslie Ann Dr.  -  (1) Triplex & (1) 4-Plex / 7 Total Units

325 Leslie Ann Dr. contains 7 total residential apartment units. The apartments are divided into (1) Triplex & (1) 4-Plex. Apartments 1-4 has (2) 2 bedroom units & (2) 1 bedroom units. Units 5-7 are all 1 bedroom units. Both buildings are brick and vinyl as well as being economical and easy to maintain. 

SOLD

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Joel King, PB 00030120