311 Madison Avenue
Jonesboro
Arkansas
USA
72401-2714

MLS ID : 10114257

$1,170,000 USD

Home/Lot size
762m² (8,200ft²)
The details

Property features

Date Updated: May 11, 2024

Other features

Property features
amenities.deck
Appliances
appliances.CeilingFan

Area

Property size
762m² (8,200ft²)
Cooling system
Central A/C
Heating system
heatingSystem.HeatPump

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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Location

311 Madison Avenue
Jonesboro
Arkansas
USA
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