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Listed by Bill Pressly • Arnold Group Real Estate
$2,550,000
Est. payment /mo
10,125 SqFt
New
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 10,125 sqft
Price per Sqft $251
MLS Listing ID 10132595
Style Other/See Remarks
Annual Tax Amount $8,603
Tax Year 2025
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Apartments
Property Description
Exceptional Multi-Family Investment Opportunity in Downtown Jonesboro. Rare opportunity to acquire a fully occupied, income-producing property in the heart of the Downtown Jonesboro Entertainment District. This historic building features 11 loft-style residential units and 8 gated parking spaces, generating more than $200,000 in gross annual income, with additional potential to increase revenue. The property combines historic character with modern conveniences, including secure gated access, a fire sprinkler system, tankless water heaters, and an exclusive rooftop patio offering impressive downtown views. With strong rental demand in Jonesboro, this property offers immediate cash flow along with long-term investment potential. Authentic loft-style residences with dedicated gated parking are rarely available in the downtown market, making this a unique opportunity for investors seeking a quality income-producing asset or a potential 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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