222 Union St - Apartments FOR SALE


Jonesboro, AR 72401- Downtown Jonesboro
$2,650,000 USD
870-930-7750
222 Union St, Jonesboro, AR for Sale
$2,650,000 USD
Apartments - FOR SALE
1/13
null | 7.4% Cap Rate

222 Union St
Jonesboro, AR 72401
Downtown Jonesboro


HIGHLIGHTS

  • Gated downtown living. First class living in Downtown Jonesboro. Nice, safe, quiet and one block from Main Street.

OVERVIEW

Check out this incredible investment opportunity with Downtown Jonesboro's premiere luxury lofts! Includes nine spacious 2-bedroom, 2-bath units, plus two large 1-bedroom, 1-bath units. Currently two lofts, fully furnished are Airbnb's or Corporate Rentals. Each unit features floor-to-ceiling windows, exposed brick, tall ceilings, and an open, modern layout. Private entrances add a nice touch of privacy and safety for tenants. Inside, the units come fully equipped with all appliances, including high-end GE washers and dryers, dishwashers, microwaves, custom cabinetry, and stylish IKEA lighting. Tenants also enjoy expanded cable and internet. Convenient gated parking with 8 spots, plus plenty of street parking right out front. Two private decks with a fire pit give residents a cool spot to hang out and relax. Located just one block from the Downtown Entertainment District and super close to ASU and medical centers, it's hard to beat this location. Low maintenance costs just make it even sweeter. Schedule a tour of this great multi-family opportunity today!

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

11

PRICE/UNIT

$240,909

CAP RATE

7.4%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Wesley Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,136 SF

ZONING

-

APN/PARCEL ID

01-144183-50100

ASK ABOUT THIS PROPERTY

Kent ArnoldArnold Group Real EstateMore Info
870-930-7750

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kent ArnoldArnold Group Real EstateMore Info
870-930-7750

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.