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About This Home
This 0-bedroom, 0-bathroom multi-family at 226 Union St #1-11 in Jonesboro, AR is listed for $2,650,000 ($331 per sqft). Built in 2015, the home offers 8,000 sqft of living space on a 0.22 acres lot.
Exceptional multi-family investment opportunity located in the Downtown Jonesboro Entertainment District. This fully occupied property features 11 loft-style residential units and 8 gated parking spaces, generating over $200,000 in gross annual income with potential for increased revenue.
The property offers a unique loft living experience within the historic Massinelli's Dry Cleaning Building, combining character with modern amenities. Features include secure gated access, fire sprinkler system, tankless water heaters, and a rooftop patio for tenant only use.
Situated in a strong rental market (approximately 52% renter-occupied), this asset provides immediate cash flow and long-term investment stability. One of the few downtown properties offering both loft-style units and dedicated gated parking. Nine 2 bed, 2 bath and Two 1 bed, 1 bath. Perfect for a 1031 Exchange. Financials and additional property details available upon request.
Key Features
- Built in 2015
- 0.22 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$14,173/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
226 Union St #1-11
Jonesboro, AR 72401
City of Jonesboro
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Parking
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 226 Union St #1-11 is listed at $2,650,000 ($331/sqft). The estimated monthly payment is $11,483 based on 20% down at 6.5% interest.
Key features include: Built in 2015, 0.22 acre lot, 2 stories. Interior Features: Washer-Stays, Dryer-Stays, Hot Water Heater-Gas. Exterior Features: Fully Fenced.
This property is listed by Bill Pressly and can be reached at 8709193990 or bill@kentarnold.com.
