Glen Rega
BEDS0
BATHS
SQUARE FEET8,000
MLS#26012399
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCity of Jonesboro
NEIGHBORHOODJonesboro E
Property Description
Exceptional multi-family investment opportunity located in the Downtown Jonesboro Entertainment District. This fully occupied property features 11 loft-style residential units and 8 gated parking spaces, generating over $200,000 in gross annual income with potential for increased revenue. The property offers a unique loft living experience within the historic Massinelli's Dry Cleaning Building, combining character with modern amenities. Features include secure gated access, fire sprinkler system, tankless water heaters, and a rooftop patio for tenant only use. Situated in a strong rental market (approximately 52% renter-occupied), this asset provides immediate cash flow and long-term investment stability. One of the few downtown properties offering both loft-style units and dedicated gated parking. Nine 2 bed, 2 bath and Two 1 bed, 1 bath. Perfect for a 1031 Exchange. Financials and additional property details available upon request.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central
Fenced: Yes
Heating: Central Heat
Lot Size: 0.22 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $5,670
Year Built: 2015
Amenities
Washer-Stays
Dryer-Stays
Hot Water Heater-Gas
Smoke Detector
Fully Fenced
Feature Descriptions
Appliance(s)/Kitchen Equipment: Free-Standing Stove, Microwave, Dishwasher, Disposal, Pantry, Refrigerator-Stays
Area Amenities: Security
Days on Site: 47
Expenses Include: Insurance, Utilities, Trash, Gas, Water/Sewer
Exterior: Brick
Lot Dimensions: 0.22 acre(s)
Number of 1 Bathroom Unit(s): 2
Number of 1 Bedroom Unit(s): 2
Number of 2 Bathroom Unit(s): 9
Number of 2 Bedroom Unit(s): 9
Parking Notes: Carport, Auto Door Opener
Security: yes
Units: 11
Listed By / Shown By
Listed By
Agency Name: Arnold Group Real Estate
Agency Phone: 870-932-2600
Shown By
Agent Name: Glen Rega
Agent Phone: (501) 733-3155
Agency Title: Crye-Leike Real Estate Services
Source: Arkansas MLS
Estimate Your Payment
Estimated Payment
$ 7,143.17 per month $5,897.75 Principal & Interest $472.50 Property Tax $772.92 Homeowner's InsuranceChange Payment Information
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226 Union St #1-11 | MLS# 26012399
This multi-family property located at 226 Union St #1-11, Jonesboro, AR 72401 is currently listed for sale with an asking price of $2,650,000. Search Jonesboro East real estate on rega.crye-leike.com today.