Homes for sale - 3701 3703 3705 School St, Jonesboro, AR 72401

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Kevin Grooms

kevintgrooms@gmail.com +1(417) 280-6571

$ 969,000

Est. payment | -/mo

7,627 SqFt

Save

$ 969,000

Est. payment | -/mo

Save

7,627 SqFt

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

Listed by Halsey Thrasher Harpole Real Estate Group • Landon J Wilson

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

+1(417) 280-6571

kevintgrooms@gmail.com

PO BOX 92, Thayer, Missouri, 65791, USA

3701 3703 3705 School St Jonesboro, AR 72401