233 Allis St Jonesboro, AR 72401
- Small apartment buildings
- 1,176 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 233 Allis St
- Property size
- 1,176 SF
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity in Jonesboro, Arkansas, presents a thriving mobile home park situated at 233 N Allis Street, zip code 72401. The property, encompassing 1,176 square feet, offers a unique blend of land and multifamily potential. Currently configured with six pads and four owner-occupied homes, this park provides a stable income stream through affordable tenant rentals. The park's occupancy rate is designed for ease of management and consistent cash flow. This makes it an attractive proposition for both small and larger investors seeking a multifamily asset without the typical high costs associated with apartment buildings. The asking price is $199,999, representing a compelling entry point into the Jonesboro real estate market. The property's location in Craighead County, Arkansas, provides convenient access to local amenities and transportation networks. This mobile home park presents a rare chance to acquire a well-established, income-generating asset with significant potential for future growth and appreciation. The property is classified as both commercial and multifamily, offering flexibility for various investment strategies. The current setup allows for immediate income generation, while the potential for expansion or further development adds to its long-term value. This is an ideal opportunity for investors seeking a strong return on investment in a stable and growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.6961026
- Latitude
- 35.8463501
