Property summary
This exceptional investment opportunity in West Jonesboro, Arkansas, presents three updated townhouse units totaling 3,786 square feet on a single lot at 1300-1304 Santa Fe Circle, zip code 72401. The property features a mix of occupied and vacant units, offering immediate income potential and flexibility. Each unit boasts recently installed amenities including new kitchen appliances and washers/dryers (still under warranty), energy-efficient insulated windows, and ongoing pest control. A unique advantage is that each unit includes a fully operational one-car garage, a rare find in this location. Unit 1300 (3 beds, 2 baths, 1417 sq ft) is vacant and features new bedroom carpeting. Units 1302 (2 beds, 1.5 baths, 1138 sq ft) and 1304 (3 beds, 1.5 baths, 1231 sq ft) are currently occupied and showcase new waterproof, stain-resistant flooring, updated internal/external doors, and modern light fixtures. All units are separately metered, with tenants responsible for their own utilities, minimizing landlord responsibilities. This turnkey property represents a low-maintenance investment opportunity with significant upside potential in a desirable West Jonesboro location. The asking price for this multifamily property is $419,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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