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Listed by Bill Pressly • Arnold Group Real Estate
$2,650,000
Est. payment /mo
8,000 SqFt
Active
Union St #1-11 Street Jonesboro, AR 72401
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Key Details
Property Type Condo
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $331
MLS Listing ID 10128650
Style Other/See Remarks
Annual Tax Amount $5,670
Tax Year 2024
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Apartments
Property Description
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.
Location
State AR
County Craighead
Area E
Interior
Interior Features Balcony/Loft, Built-Ins, Ceiling Fan(s), Climate Control, Jet Tub, Other/See Remarks
Heating Electric
Cooling Central Air, Electric, Heat Pump(s)
Flooring Hardwood, Vinyl
Exterior
Exterior Feature Deck, Paved Streets
Roof Type Flat
Schools
Elementary Schools Jonesboro Magnet
High Schools Jonesboro High School
Others
Tax ID 0114418350200
NEARBY SCHOOL & BUSINESS
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