Property Description

Exceptional Multi-Family Investment Opportunity ??? Downtown Jonesboro. Rare opportunity to acquire a fully occupied, income-producing multi-family property in the heart of the Downtown Jonesboro Entertainment District. This historic property features 11 loft-style residential units and 8 gated parking spaces, generating over $200,000 in gross annual income, with opportunities to further increase revenue. The property blends historic character with modern conveniences. Residents enjoy secure gated access, a fire sprinkler system, tankless water heaters, and an exclusive rooftop patio with panoramic downtown views. Jonesboro's rental market remains strong, with approximately 52% renter occupancy, making this an attractive, stable investment with immediate cash flow and long-term appreciation potential. Properties offering authentic loft-style living with dedicated gated parking are exceptionally rare in the downtown market. An outstanding opportunity for investors seeking a high-quality asset or those completing a 1031 Exchange. Financial statements, rent roll, and additional property information are available upon request.

Property Features