Six plex, 1 bedroom 1 bath, rents are $650 each. Heavy traffic area, great for future use.
Rare multifamily investment opportunity in the developing West End Community, just minutes from Downtown Jonesboro, City Water and Light Park, and the Jonesboro Public Library. Located directly across from the Kindergarten Center, this fully occupied four-unit property offers proven cash flow with current gross rental income of $29,100 annually and a cap rate of over 9%. Each unit is approximately 600 square feet and features an interior front entry along with a rear door providing access to the deck. The two ground-floor units offer step-free entry with no stairs required, while two additional units are located upstairs. The property has a long-standing history of reliable tenancy, with residents who have consistently met their rental obligations over extended periods. Tenants pay their own utilities, while the owner provides water and sewer. Updates include windows, doors, heating units, and cooling units, and the current owner has consistently addressed repairs and maintenance needs as they arise. With full occupancy, consistent rental performance, a convenient location, and a history of attentive ownership, this property offers an opportunity to add an established income-producing asset to your real estate portfolio. Schedule a showing today to learn more.
Investment opportunity times TWO! Located on adjoining 1/2 acre lots, these multifamily properties are located at 1003 and 1005 Scott St. These properties feature 4 total units. Each spacious unit includes 2 bedrooms and 1.5 bathrooms, along with a kitchen and dining room combination that flows into the living room, creating an open and inviting main living space. These properties located together at one location adds to the connivence of property maintenance. These 1/2 acre lots offer space for potential investment possibilities with city approval.
Welcome to 605 & 607 Alfred Watkins St in Jonesboro, a duplex featuring two 2-bedroom, 1-bath units. Both units are tenant-occupied, making this a great addition to any income-producing portfolio. Tenants pay all utilities except water, which averages $30-$50 per month, keeping the property low-maintenance and easy to manage. Each unit offers a functional layout and durable finishes, providing steady rental income in a desirable area with consistent tenant demand. Conveniently located near schools, shopping, and major highways, this duplex is ideal for investors seeking reliable returns and long-term stability.
Totally remodeled duplex with another unit that has already been zoned and buyer can remodel and make it another rental unit. Duplex hasn new electrical upgrades, plumbing and hvac. Conveniently located within walking distance to Huntington Square and downtown Jonesboro. If you are looking for a great cash flowing property look no further.
Value-Add Multifamily Opportunity - 11 Units West End Community Jonesboro, AR Excellent value-add multifamily investment located at 908/916 Warner in the desirable West End Community of Jonesboro, Arkansas. This 11-unit, all-electric property offers immediate upside through ongoing renovations and operational improvements. Several units are already in the early stages of remodel and refurbishment, providing a clear path for a new owner to complete updates, increase rents, and improve overall returns. With strong rental demand in the area, this asset is well-positioned for stabilization and long-term cash flow. The property's layout and utility configuration make it ideal for efficient management, while its location in West Jonesboro offers convenient access to employment centers, shopping, and local amenities. Highlights: 11 total units All-electric property Value-add opportunity with renovation upside Multiple units partially renovated Located in the West End Community of Jonesboro Strong rental market with room for rent growth This is a solid opportunity for investors seeking to add value through renovations and management efficiencies in a growing Jonesboro submarket.
Discover a well-maintained 8-unit multi-family complex featuring spacious 2-bedroom, 2-bathroom units, each equipped with a full kitchen. Four of the eight units offer an expanded layout, giving tenants extra room and added comfort. This two-building property has been thoughtfully cared for, including a new roof and recently serviced A/C units. Conveniently located just off Main Street and directly across from a brand-new warehouse facility, this complex sits in a high-demand rental area with strong occupancy potentialperfect for investors seeking strong cash flow and low-maintenance ownership.
Excellent investment opportunity in the heart of Jonesboro! This well maintained 12-unit apartment complex is ideally located on the corner of Flint Street and Cherry Avenue, offering convenient access to shopping, restaurants, schools, and major roadways. The property consists of nine (9) 2-bedroom, 1-bath units and three (3) 1-bedroom, 1-bath units, providing a desirable mix of floor plans that appeal to a wide range of tenants. Residents enjoy the convenience of a shared on-site laundry facility with coin-operated washers and dryers, as well as private parking. The property has a strong rental history with consistent occupancy and offers significant upside potential for investors. Current rents present an opportunity for future increases, allowing a new owner to enhance cash flow and maximize returns over time. Tenants are responsible for all utilities, each having separate meters. Whether you're looking to expand your investment portfolio or acquire an income-producing asset with value-add potential, this apartment complex is one you won't want to miss. Financial information, current rent roll, and additional income and expense details are available upon request.
Mobile home park located within the Jonesboro city limits featuring four income-producing, tenant-occupied units: one 1-bedroom, two 2-bedroom, and one 3-bedroom mobile home. Zoned R-3 and situated on a level lot with city utilities. The property also includes two additional mobile home spaces, offering potential for added rental income.
Investor Opportunity!!!! This remodeled townhome offers the rare combination of immediate income potential and long-term upside. Featuring 2 bedroom and 3 bedroom units, These are individually parceled and can be purchased separately or combined with additional units as part of a larger investment package. Recent improvements to the Cedar Heights community include extensive renovations and capital improvements, including major updates to roofing, plumbing, HVAC systems, water heaters, flooring, paint, appliances, and more. Each unit includes a stove, refrigerator, washer/dryer hookups, individually metered utilities, and a private storage shed. Many units are currently occupied, while others offer the opportunity to place tenants at today's market rates. Investors will appreciate the flexibility to purchase a single unit, multiple units, or assemble a larger portfolio to maximize economies of scale and cash flow potential. Additional units and package pricing available. Seller will consider individual sales, multi-unit purchases, or portfolio acquisitions. Contact listing agent for current availability, rent rolls, and investment package details.
Discover an incredible investment opportunity with these five modern townhouses in the highly sought-after Midtown Jonesboro district. Built just three years ago, these 2-bedroom, 2.5-bath custom units offer both style and functionality, making them perfect for today's renters. Each townhouse features a stunning all-brick exterior, complete with high-quality finishes. The main floor boasts a large kitchen with a den and a convenient half bath, perfect for entertaining. Upstairs, find two spacious bedrooms, each with access to its own full bath. All units come equipped with all necessary appliances, ensuring a turnkey solution for tenants. Enjoy the convenience of parking in the back, adjacent to a beautifully landscaped deck area. Walkability is key, Located within walking distance to downtown Jonesboro, residents can easily access popular spots like The Lounge, Porch 30, and St. Bernard's Hospital. The vibrant neighborhood offers a mix of dining, shopping, and entertainment options, enhancing the appeal to potential tenants. With its prime location and modern amenities, this property is poised for strong rental demand and attractive returns. Built in 2022, the townhouses are low maintenance, providing peace of mind for investors.
Jonesboro is located in Arkansas. Jonesboro, Arkansas has a population of 77,520. Jonesboro is less family-centric than the surrounding county with 29.91% of the households containing married families with children. The county average for households married with children is 32.27%.
The median household income in Jonesboro, Arkansas is $48,901. The median household income for the surrounding county is $51,788 compared to the national median of $69,021. The median age of people living in Jonesboro is 33.8 years.
The average high temperature in July is 90.4 degrees, with an average low temperature in January of 27.2 degrees. The average rainfall is approximately 48.7 inches per year, with 4.1 inches of snow per year.
