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311 Madison Avenue

Jonesboro, AR 72401
  • $1,170,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 10114257
UPDATED: 88 min ago
$1,170,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,200
    SQFT
  • $143
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:
Area:
D

School Information

Elementary School:
Middle School:
High School:

Description

These 6 townhouse's sound like a fantastic investment opportunity, especially with its prime location in Downtown Jonesboro. The convenience of being within walking distance to major downtown attractions, events, and restaurants is a huge selling point. The fact that it's currently utilized as nightly rentals with an 80% occupancy rate in 2023 suggests a strong demand for short-term stays in the area. And the option to convert it into long-term rentals provides flexibility for potential buyers. With three bedrooms, two full baths, and one half bath in each unit, it offers comfortable living spaces for tenants or guests. Plus, having a back deck to enjoy the evenings adds to the appeal. Overall, it seems like a well-rounded investment property that offers both a solid rental income potential and a desirable location for tenants or future homeowners. *** Seller has priced this with the buyer using the Townhomes as long term rentals. If new buyer would like to continue as nightly rental the furnishing can be purchased at additional cost. Call us or your agent today for a private showing. We also have a virtual tour of one of the units as well just ask us or your agent for details.

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Northeast Arkansas Board of Realtors (Jonesboro Board of Realtors) logo © 2024 Jonesboro Board of REALTORS® MLS. All rights reserved.
www.neahomes4sale.com/homes/150244673
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311 Madison Avenue Jonesboro, AR 72401

  • Price: $1,170,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 88 min ago
  • MLS #: 10114257
0
Beds
0
Baths
0
½ Baths
N/A
Acres
8,200
SQFT
$143
$/SQFT
Neighborhood:
Clark
County:
Craighead
Area:
D
Elementary School:
Jonesboro Magnet
Middle School:
Macarthur
High School:
Jonesboro High School
Property Description
These 6 townhouse's sound like a fantastic investment opportunity, especially with its prime location in Downtown Jonesboro. The convenience of being within walking distance to major downtown attractions, events, and restaurants is a huge selling point. The fact that it's currently utilized as nightly rentals with an 80% occupancy rate in 2023 suggests a strong demand for short-term stays in the area. And the option to convert it into long-term rentals provides flexibility for potential buyers. With three bedrooms, two full baths, and one half bath in each unit, it offers comfortable living spaces for tenants or guests. Plus, having a back deck to enjoy the evenings adds to the appeal. Overall, it seems like a well-rounded investment property that offers both a solid rental income potential and a desirable location for tenants or future homeowners. *** Seller has priced this with the buyer using the Townhomes as long term rentals. If new buyer would like to continue as nightly rental the furnishing can be purchased at additional cost. Call us or your agent today for a private showing. We also have a virtual tour of one of the units as well just ask us or your agent for details.
Exterior Features

Exterior Brick Exterior Amenities DeckPaved Streets Fencing Features Wood Privacy Levels Two Story Parking Features 2 Spaces/Unit Roof Architectural Shingle Style Townhouse

Interior Features

1 Bedroom Unit Number Of Baths 0 2 Bedroom Unit Number Of Baths 0 3 Bedroom Unit Number Of Baths 3 4 Bedroom Unit Number Of Baths 0 Cooling Features Central AirHeat Pump(s) Floors Ceramic Heat Features CentralElectric Interior Features Breakfast BarBuilt-InsCeiling Fan(s)Climate ControlSmoke Alarm(s) Number Of1 Bedroom Units 0 Number Of2 Bedroom Units 0 Number Of3 Bedroom Units 6 Number Of4 Bedroom Units 0 Window Treatment Blinds

Property Features

1 Bedroom Unit Actual Rents 0.00 2 Bedroom Unit Actual Rents 0.00 3 Bedroom Unit Actual Rents 0.00 3 Bedroom Unit Includes Applies to All UnitsCentral AirDeckDishwasherDisposalElectric HeatRange 4 Bedroom Unit Actual Rents 0.00 Agent Owned No Auction No Builder Owned Yes Electric Features CW&L Fips Code 31 Flood Zone No Gross Income 182474.42 Insurance Expense 3600.00 Landscape Expense 0.00 Lease Type Net Lot Description Landscaped Maintenance Expenses 0.00 Management Expenses 0.00 Net Income 0.00 Possession At Closing Property Subtype1 Town House Reo Property No Sewer Septic City Sewer Short Sale No Tax Year 2023 Taxes 4476.00 Transaction Type Sale Utility Expense 0.00 Water Supply City

Listing information © 2024 Jonesboro Board of REALTORS® MLS.
Listing provided by Century 21 Portfolio: 870-933-0026.

Northeast Arkansas Board of Realtors (Jonesboro Board of Realtors) logo © 2024 Jonesboro Board of REALTORS® MLS. All rights reserved.
 
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Halsey Thrasher Harpole Real Estate Group
301 W Washington
Jonesboro AR, 72401