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208 Lake Drive

Jonesboro, AR 72405
  • $3,599,000
  • STATUS: Active
  • ON SITE: 75 Days
  • MLS #: 10128556
UPDATED: 214 min ago
$3,599,000
  • 4
    BEDS
  • 0.2
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,453
    SQFT
  • $2,477
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:
Area:
F

School Information

Elementary School:
Middle School:
High School:

Description

Investor Special!!!This package includes 12 Single Family Homes, plus 4 Duplex Buildings (8 Units). So you get 16 Total Properties totaling 20 Units/Doors. The annual rents from these properties are as follows: Annual Rents $312,600 with Annual Taxes and Insurance totaling $49,560 giving you a 7% cap rate. Descriptions of properties is as follows: The single family homes are located at 701 Tawn $1,150.00 3/2 - 1204 sq. ft 10/31/2025 Lease Term.3409 Derby $1,845.00 4/2 1755 sq. ft 3/31/2026 Lease Term. 3615 Old Dornick $1,940.00 3/2 - 2000 sq. ft 02/28/2026. 3816 Hill $1,795.00 4/2 - 1400 sq. ft 09/30/2025.3313 Oaklawn $1,895.00 4/2 - 1943 sq. ft Monthly Lease.6857 Hwy 141 $1,000.00 4/2 - 1900 sq. ft Monthly Lease. 208 Lake Drive $1,615.00 4/2 - 1500 sq. ft 02/21/2026 Lease Term. 210 Lake Drive $1,500.00 4/2 - 1500 sq. ft 07/31/2025 Lease Term. 212 Lake Drive $1,595.00 3/2 - 1500 sq. ft 01/31/2026 Lease Term. 3211 Kingsbury $1,025.00 3/1 - 1026 sq. ft 12/31/2025 Lease Term. 3301 Kingsbury $795.00 3/1 - 1026 sq. ft Monthly Term. 4409 Fox Meadow $1,450.00 3/2 - 1260 sq. ft 12/31/2025 Lease Term. 2519 Forest Home 9B $795.00 2/2 - 893 sq. ft Vacant. 2519 Forest Home 1A $625.00 2/2 - 893 sq. ft Monthly Term. 410 W Matthews A $1,195.00 2/2 - 1000 sq. ft Vacant Rented. 410 W Matthews B $1,195.00 2/2 - 1000 sq. ft.02/28/2026 406 W Matthews A $1,050.00 2/1.5 - 1100 sq. ft. Monthly Term. 406 W Matthews B $1,385.00 2/1.5 - 1100 sq. ft. Monthly Term. 406 W Matthews C $1,050.00 2/1.5 - 1100 sq. ft. Monthly Term 406 W Matthews D $1,150.00 2/1.5 - 1100 sq. ft. Monthly Term.

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Northeast Arkansas Board of Realtors (Jonesboro Board of Realtors) logo © 2026 Jonesboro Board of REALTORS® MLS. All rights reserved.
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208 Lake Drive Jonesboro, AR 72405

  • Price: $3,599,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 214 min ago
  • MLS #: 10128556
4
Beds
2
Baths
0
½ Baths
0.2
Acres
1,453
SQFT
$2,477
$/SQFT
Neighborhood:
Fielders Acres
County:
Craighead
Area:
F
Elementary School:
Jonesboro Magnet
Middle School:
Nettleton
High School:
Nettleton
Property Description
Investor Special!!!This package includes 12 Single Family Homes, plus 4 Duplex Buildings (8 Units). So you get 16 Total Properties totaling 20 Units/Doors. The annual rents from these properties are as follows: Annual Rents $312,600 with Annual Taxes and Insurance totaling $49,560 giving you a 7% cap rate. Descriptions of properties is as follows: The single family homes are located at 701 Tawn $1,150.00 3/2 - 1204 sq. ft 10/31/2025 Lease Term.3409 Derby $1,845.00 4/2 1755 sq. ft 3/31/2026 Lease Term. 3615 Old Dornick $1,940.00 3/2 - 2000 sq. ft 02/28/2026. 3816 Hill $1,795.00 4/2 - 1400 sq. ft 09/30/2025.3313 Oaklawn $1,895.00 4/2 - 1943 sq. ft Monthly Lease.6857 Hwy 141 $1,000.00 4/2 - 1900 sq. ft Monthly Lease. 208 Lake Drive $1,615.00 4/2 - 1500 sq. ft 02/21/2026 Lease Term. 210 Lake Drive $1,500.00 4/2 - 1500 sq. ft 07/31/2025 Lease Term. 212 Lake Drive $1,595.00 3/2 - 1500 sq. ft 01/31/2026 Lease Term. 3211 Kingsbury $1,025.00 3/1 - 1026 sq. ft 12/31/2025 Lease Term. 3301 Kingsbury $795.00 3/1 - 1026 sq. ft Monthly Term. 4409 Fox Meadow $1,450.00 3/2 - 1260 sq. ft 12/31/2025 Lease Term. 2519 Forest Home 9B $795.00 2/2 - 893 sq. ft Vacant. 2519 Forest Home 1A $625.00 2/2 - 893 sq. ft Monthly Term. 410 W Matthews A $1,195.00 2/2 - 1000 sq. ft Vacant Rented. 410 W Matthews B $1,195.00 2/2 - 1000 sq. ft.02/28/2026 406 W Matthews A $1,050.00 2/1.5 - 1100 sq. ft. Monthly Term. 406 W Matthews B $1,385.00 2/1.5 - 1100 sq. ft. Monthly Term. 406 W Matthews C $1,050.00 2/1.5 - 1100 sq. ft. Monthly Term 406 W Matthews D $1,150.00 2/1.5 - 1100 sq. ft. Monthly Term.
Exterior Features

Garage Type Garage-Attached Level One

Interior Features

Basement Square Footage 0 Bedroom2 Yes Bedroom2 Level Main Bedroom3 Yes Bedroom3 Level Main Bedroom4 Yes Bedroom4 Level Main Master Bedroom Yes Master Bedroom Level Main

Property Features

Above Ground Square Footage 1453 Agent Owned Yes Auction No Builder Owned No Electric Features CW&L Fips Code 31 Flood Zone Unknown Heat Features Central Hoa Poa 0.00 Lease Type Net Occupant Type Tenant Possession At Closing Reo Property No Sewer Septic City Sewer Special Assessment 0.00 Tax Year 2024 Taxes 1596.00 Transaction Type Sale Water Supply City

Listing information © 2026 Jonesboro Board of REALTORS® MLS.
Listing provided by Burch & Co. Real Estate: 870-680-3820.

Northeast Arkansas Board of Realtors (Jonesboro Board of Realtors) logo © 2026 Jonesboro Board of REALTORS® MLS. All rights reserved.
 
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Halsey Real Estate
301 W Washington
Jonesboro AR, 72401