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226 Union St #1-11 Street

Jonesboro, AR 72401
  • $2,650,000
  • STATUS: Active
  • ON SITE: 222 Days
  • MLS #: 10121023
UPDATED: 38 min ago
$2,650,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,000
    SQFT
  • $331
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
County:
Area:
E

School Information

Elementary School:
Middle School:
High School:

Description

Loft Living in Downtown Jonesboro, Arkansas This unique investment opportunity features 11 gated loft units and 8 gated parking spaces, generating over $200,000 in gross annual income. Rents range from $1,350 to $1,800 per month. Tenants pay electric, landlord covers water, trash, and internet. Originally constructed over 100 years ago, the building was transformed into modern lofts in 2015 all within the original structure's historic charm. One of the few gated properties in the heart of booming Downtown Jonesboro, the second fastest growing metro area in Arkansas. Contact us for more details and schedule your tour today! Building has been sprinkled for fire safety. The classic Dry Cleaners building was renovated in 2015 by CNI Construction. Two units are Furnished rentals at $1800 per month.

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Northeast Arkansas Board of Realtors (Jonesboro Board of Realtors) logo © 2025 Jonesboro Board of REALTORS® MLS. All rights reserved.
www.neahomes4sale.com/homes/162284509
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226 Union St #1-11 Street Jonesboro, AR 72401

  • Price: $2,650,000
  • Status: Active
  • On Site: 222 Days
  • Updated: 38 min ago
  • MLS #: 10121023
0
Beds
0
Baths
0
½ Baths
0.22
Acres
8,000
SQFT
$331
$/SQFT
Neighborhood:
N/A
County:
Craighead
Area:
E
Elementary School:
Jonesboro Magnet
Middle School:
Annie Camp
High School:
Jonesboro High School
Property Description
Loft Living in Downtown Jonesboro, Arkansas This unique investment opportunity features 11 gated loft units and 8 gated parking spaces, generating over $200,000 in gross annual income. Rents range from $1,350 to $1,800 per month. Tenants pay electric, landlord covers water, trash, and internet. Originally constructed over 100 years ago, the building was transformed into modern lofts in 2015 all within the original structure's historic charm. One of the few gated properties in the heart of booming Downtown Jonesboro, the second fastest growing metro area in Arkansas. Contact us for more details and schedule your tour today! Building has been sprinkled for fire safety. The classic Dry Cleaners building was renovated in 2015 by CNI Construction. Two units are Furnished rentals at $1800 per month.
Exterior Features

Exterior Brick Exterior Amenities DeckPaved Streets Fencing Features Iron/Metal Levels Two Story Parking Features AssignedCovered Roof Flat Style Other/See Remarks

Interior Features

1 Bedroom Unit Number Of Baths 1 2 Bedroom Unit Number Of Baths 2 3 Bedroom Unit Number Of Baths 0 4 Bedroom Unit Number Of Baths 0 Cooling Features Central AirElectricHeat Pump(s) Floors HardwoodVinyl Heat Features Electric Interior Features Balcony/LoftBuilt-InsCeiling Fan(s)Climate ControlJet TubOther/See Remarks Laundry Features Dryer ProvidedWasher Provided Number Of1 Bedroom Units 2 Number Of2 Bedroom Units 9 Number Of3 Bedroom Units 0 Number Of4 Bedroom Units 0 Window Treatment Blinds

Property Features

1 Bedroom Unit Actual Rents 1350.00 1 Bedroom Unit Includes 1 Car ParkingApplies to Some UnitsCarportDeckDishwasherDisposalElectric HeatRangeRefrigeratorTenant Pays Electric 2 Bedroom Unit Actual Rents 1450.00 2 Bedroom Unit Includes 1 Car ParkingApplies to Some UnitsCarportDeckDishwasherDisposalElectric HeatRefrigeratorTenant Pays Electric 3 Bedroom Unit Actual Rents 0.00 4 Bedroom Unit Actual Rents 0.00 Agent Owned No Auction No Builder Owned No Electric Features CW&L Fips Code 31 Flood Zone No Gas Features Natural Gas Gross Income 205800.00 Insurance Expense 12756.00 Landscape Expense 0.00 Lease Type Net Lot Description Other/See Remarks Maintenance Expenses 4000.00 Management Expenses 0.00 Net Income 173374.00 Occupant Type Vacant Possession At Closing Property Subtype1 Apartments Reo Property No Tax Year 2024 Taxes 5670.73 Terms CashIn House Transaction Type Sale Utility Expense 4000.00 Water Supply City

Listing information © 2025 Jonesboro Board of REALTORS® MLS.
Listing provided by Arnold Group Real Estate: 870-932-2600.

Northeast Arkansas Board of Realtors (Jonesboro Board of Realtors) logo © 2025 Jonesboro Board of REALTORS® MLS. All rights reserved.
 
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Halsey Real Estate
301 W Washington
Jonesboro AR, 72401