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

$2,550,000
10,125
SqFt

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List Price
$2,550,000
Status
NEW LISTING
MLS#
26039269
Style
Other (see remarks)
Year Built
2015
Living Area
10,125
Acres
0.22
Region
Jonesboro E
Subdivision
City of Jonesboro

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

Taxes
$8,603
Interior Features
Washer-Stays, Dryer-Stays, Hot Water Heater-Gas, Smoke Detector
Floors
Luxury Vinyl, Vinyl
Exterior
Brick
Roof
Flat
Parking Description
Auto Door Opener, Carport

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Calculator source: Real Geeks

Listing courtesy of Arnold Group Real Estate.