226 Union St #1-11 Street, Jonesboro, AR 72401

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List Price
$2,550,000
Days on Market
12
MLS#
10132595
Status
ACTIVE
Living Area
10,125
Acres
0.22
Subdivision
N/A

Property Description

Exceptional Multi-Family Investment Opportunity in Downtown Jonesboro. Rare opportunity to acquire a fully occupied, income-producing ($200,000 Plus annually) 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.

Additional Information

Interior Features
Balcony, Ceiling Fans, Jetted Tub, Other
Roof
Flat
Cooling
Central Air, Electric, Heat Pump
Heating
Electric
Elementary School
Jonesboro Magnet
Middle School
Annie Camp

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Calculator source: Real Geeks

Listing courtesy of Arnold Group Real Estate.