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Lora Blair

lora@blairrealtors.com +1(501) 529-5292

$ 2,650,000

Est. payment | -/mo

8,000 SqFt

Save

$ 2,650,000

Est. payment | -/mo

Save

8,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartments

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $331

Subdivision City Of Jonesboro

MLS Listing ID 26012399

Style Other (see remarks)

Year Built 2015

Annual Tax Amount $5,670

Tax Year 2024

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Apartments

Property Description

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.

Location

State AR

County Craighead

Area Jonesboro E

Zoning Multi Use

Rooms

Kitchen Free-Standing Stove, Microwave, Dishwasher, Disposal, Pantry, Refrigerator-Stays

Interior

Interior Features Washer-Stays, Dryer-Stays, Hot Water Heater-Gas, Smoke Detector

Heating Central Cool-Electric, Central Heat-Electric

Flooring Vinyl, Luxury Vinyl

Equipment Free-Standing Stove, Microwave, Dishwasher, Disposal, Pantry, Refrigerator-Stays

Exterior

Exterior Feature Fully Fenced

Parking Features Carport, Auto Door Opener

Utilities Available Electric-Municipal, Gas-Natural, TV-Cable

Roof Type Flat

Building

Lot Description Other (see remarks)

Foundation Slab

New Construction No

Listed by Arnold Group Real Estate • Bill Pressly

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(501) 529-5292

lora@blairrealtors.com

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226 Union St #1-11 Jonesboro, AR 72401