311 Madison Avenue, Jonesboro, AR 72401 (MLS # 10114257)

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PRICE $1,170,000 BEDS 0 BATHS 0 HOME SIZE 8,200 sqft LOT SIZE n/a Request More Info Schedule a Showing

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.