Jonesboro 20
2620 Crawford ,
Jonesboro, AR 72401
 
$600,000
Price
20
Number of Units
$30,000
Price Per Unit
69,693
Land SF
10.87%
Cap Rate
Previous
Next
$600,000
Price
20
Number of Units
$30,000
Price Per Unit
69,693
Land SF
10.87%
Cap Rate
With 16 existing homes on site and a strategic plan to add 4 more within the first 6-12 months. The potential for increased rental income from these additional units will reach a mid teen double-digit return.
The prime location of this property further enhances its investment appeal, ensuring a steady stream of interested tenants and maximizing your rental income potential. Situated in a sought-after area, this community is poised to deliver strong returns and long-term growth.
Jonesboro, Arkansas, is a city situated in the northeastern part of the state, known for its strategic location, growing economy, and quality of life, which make it an attractive option for investors. Here’s a concise summary of why Jonesboro stands out: Location Summary - **Geographic Position:** Jonesboro is located in the northeastern region of Arkansas, positioned near the borders of Missouri and Tennessee. This central location within the state places it within a few hours' drive of major cities such as Memphis, TN, and Little Rock, AR. - **Transportation Infrastructure:** The city benefits from access to major highways, including U.S. Route 63, which connects it to larger transportation networks. The proximity to Memphis offers additional logistical advantages, including access to major railroads and the Memphis International Airport. **Attractive Features for Investors** 1. **Economic Growth:** Jonesboro has experienced consistent economic growth, bolstered by a diverse range of industries including manufacturing, healthcare, and education. The presence of significant employers such as the manufacturing giant, Hytrol Conveyor Company, and the healthcare provider, St. Bernards Healthcare, contributes to a stable job market. 2. **Educational Institutions:** The city is home to Arkansas State University, which not only serves as a key educational institution but also as a research and development hub. The university’s presence supports a highly educated workforce and contributes to innovation and local economic development. 3. **Cost of Living:** Jonesboro offers a lower cost of living compared to many larger metropolitan areas. This affordability extends to real estate, which can be attractive for investors seeking to purchase property or start new businesses in a lower-cost environment. 4. **Business-Friendly Environment:** The city has been recognized for its supportive business climate, with various incentives and programs designed to attract and retain businesses. Local government initiatives often aim to streamline the process for new and expanding businesses. 5. **Quality of Life:** With a growing population and a range of amenities, including parks, cultural events, and community activities, Jonesboro presents a high quality of life for residents. This can translate into a stable and growing consumer base for businesses. 6. **Infrastructure Development:** Ongoing investments in infrastructure, such as roads, utilities, and technology, support business operations and expansion. Enhanced infrastructure can improve logistical efficiency and connectivity for businesses operating in the region. Overall, Jonesboro’s strategic location, combined with its economic prospects, affordable living, and supportive business environment, makes it an appealing destination for investors looking for growth opportunities in a dynamic and supportive community.
FOR MORE DETAILS CONTACT
Jason Postill
Managing Partner
(386) 679-5729
info@jpcapitalsolutions.com
BK3337232
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