Property Description

Rare multifamily investment opportunity in the developing West End Community, just minutes from Downtown Jonesboro, City Water and Light Park, and the Jonesboro Public Library. Located directly across from the Kindergarten Center, this fully occupied four-unit property offers proven cash flow with current gross rental income of $29,100 annually and a cap rate of over 9%. Each unit is approximately 600 square feet and features an interior front entry along with a rear door providing access to the deck. The two ground-floor units offer step-free entry with no stairs required, while two additional units are located upstairs. The property has a long-standing history of reliable tenancy, with residents who have consistently met their rental obligations over extended periods. Tenants pay their own utilities, while the owner provides water and sewer. Updates include windows, doors, heating units, and cooling units, and the current owner has consistently addressed repairs and maintenance needs as they arise. With full occupancy, consistent rental performance, a convenient location, and a history of attentive ownership, this property offers an opportunity to add an established income-producing asset to your real estate portfolio. Schedule a showing today to learn more.

Property Features

Local Schools