Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2011
Sq.Footage
7,627
The multifamily property presents an exceptional investment opportunity. Comprising two quadplexes and one duplex, the property includes a total of 10 units, each featuring 2b/1b. Situated in a prime location, this property offers easy access to local amenities, schools, and public transportation. The units are perfect for small families and students, ensuring steady rental demand. With 10 units, this property has significant rental income potential. The well-maintained condition of the properties minimizes immediate capital expenditure needs. As Jonesboro is a growing market with increasing property values, there is potential for property appreciation in addition to rental income. Owning multiple units in close proximity offers management efficiency and cost savings, while multifamily properties provide a diversified income stream, reducing risk compared to single-family investments. Positioned to attract a broad tenant base, this multifamily property ensures high occupancy rates. Overall, the portfolio of 2 quadplexes and 1 duplex on School St in Jonesboro, AR, represents a compelling investment, combining strategic location, high rental demand, and strong income potential.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.81
-
Property Type
Residential Income
-
Architectural Style
Contemporary
Exterior
-
Garage
Yes
-
Garage spaces
2
Financial
-
Sales Price
$969,000
-
Tax Amount
3328.95
-
Zoning
R-2
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Location
County
Craighead
Elementary School
Middle School
High School
Listing Courtesy of Landon Wilson , Halsey Thrasher Harpole Real Estate Group
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Branch Broker
DebbieNeal
Call Debbie today to schedule a private showing.
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