The multifamily property located at 3701, 3703, 3705 School St, Jonesboro, AR 72401, presents an exceptional investment opportunity. Comprising two quadplexes and one duplex, the property includes a total of 10 units, each featuring 2 bedrooms and 1 bathroom. Situated in a prime location in Jonesboro, this property offers easy access to local amenities, schools, and public transportation, making it highly desirable for tenants. The 2-bedroom units are perfect for small families, professionals, and students, ensuring steady rental demand.With 10 units available, this property promises significant rental income potential, enhancing investment returns. The well-maintained condition of the properties minimizes immediate capital expenditure needs, providing a hassle-free investment experience. 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.
For sale
$969,900
3701 School St #3705, Jonesboro, AR 72401
--beds
0baths
7,627sqft
Est.:
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
$127/sqft
$-- HOA
What's special
- 334 days
- on Zillow |
- 87 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: January 29, 2025 at 07:01am
Listed by:
Landon Wilson 870-514-5578,
Halsey Thrasher Harpole 870-972-9191
Source: Northeast Arkansas BOR,MLS#: 10115828
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Central
Cooling
- Central Air
Interior area
- Total structure area: 7,627
- Total interior livable area: 7,627 sqft
Property
Parking
- Total spaces: 20
- Parking features: 2 Spaces/Unit
Features
- Levels: One
Lot
- Size: 0.81 Acres
Details
- Parcel number: 0114427227700
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 1 Story
- Property subtype: Apartment
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Year built: 0
Utilities & green energy
- Electric: Separate Meters
- Sewer: City Sewer
- Water: Public
Community & HOA
Location
- Region: Jonesboro
Financial & listing details
- Price per square foot: $127/sqft
- Date on market: 7/16/2024
- Total actual rent: 0
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