Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2015
Sq.Footage
8,000
Exceptional Multi-Family Investment Opportunity – Downtown Jonesboro. Rare opportunity to acquire a fully occupied, income-producing multi-family property in the heart of the Downtown Jonesboro Entertainment District. This historic property features 11 loft-style residential units and 8 gated parking spaces, generating over $200,000 in gross annual income, with opportunities to further increase revenue. The property blends historic character with modern conveniences. Residents enjoy secure gated access, a fire sprinkler system, tankless water heaters, and an exclusive rooftop patio with panoramic downtown views. Jonesboro's rental market remains strong, with approximately 52% renter occupancy, making this an attractive, stable investment with immediate cash flow and long-term appreciation potential. Properties offering authentic loft-style living with dedicated gated parking are exceptionally rare in the downtown market. An outstanding opportunity for investors seeking a high-quality asset or those completing a 1031 Exchange. Financial statements, rent roll, and additional property information are available upon request.
Features & Amenities
Interior
-
Other Interior Features
Pantry
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Garage Door Opener
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.22
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other (see remarks)
Price
-
Sales Price
$2,650,000
-
Tax Amount
$5,670.73
-
Zoning
Multi Use
-
Sq. Footage
8,000
-
Price/SqFt
$331
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
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Location
County
Craighead
Elementary School
Middle School
High School
Listing Courtesy of Bill Pressly , Arnold Group Real Estate
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Branch Broker
Debbie Neal
Call Debbie today to schedule a private showing.
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