3701 3703 3705 School St Active Save Request In-Person Tour Request Virtual Tour
Jonesboro,AR 72401
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,627 sqft
Price per Sqft $127
Subdivision Not In Subdivision
MLS Listing ID 25003690
Style Contemporary
Year Built 2011
Annual Tax Amount $3,328
Tax Year 2024
Lot Size 0.810 Acres
Acres 0.81
Property Sub-Type Fourplex
Property Description
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.
Location
State AR
County Craighead
Area Jonesboro F
Zoning R-2
Rooms
Kitchen Other (see remarks)
Interior
Heating Central Cool -Unspecified,Central Heat -Unspecified
Flooring Tile
Equipment Other (see remarks)
Exterior
Parking Features Two Car
Utilities Available Sewer-Public,Water-Public,Other (see remarks)
Roof Type Architectural Shingle
Building
Lot Description Other (see remarks)
Foundation Slab
New Construction No