Jonesboro Multifamily for Sale
This apartment complex is located close to numerous large employers in Jonesboro. Riceland, ASU, St. Bernard's and several more. Apartment buildings have three year old roofs, new flooring, paint, counter tops, some appliances, several new HVAC's and water heaters and the outside has been repainted within last three years also. Call your favorite Realtor today for your private viewing.
47-Unit Multifamily Investment Opportunity
Value-Add Apartment Community | Jonesboro, Arkansas
Property Overview
47 total apartment units
Interior renovations completed ~4 years ago
Exterior needs cosmetic updating (paint, landscaping, signage) — ideal for value-add investor
Strong unit mix (1 & 2-bedroom configurations; detailed rent roll available upon request)
Professionally maintained interior systems with modern finishes
Prime Location
Situated in Jonesboro, AR, a regional employment and education hub anchored by Arkansas State University and local industries
Growing population with steady rental demand
Proximity to shopping, dining, healthcare, and major transportation corridors
Market Strengths
Jonesboro’s housing and rental market continue to show long-term demand; median rents in the area are in line with regional trends, and housing prices reflect sustained economic activity.
Multifamily assets in the Jonesboro area have seen strong investor interest — larger multifamily transactions have closed in the market recently, signaling confidence from institutional and private capital.
Investment Highlights
Cash flow from day one with potential rent increases following exterior improvements
Exterior renovation/upgrades can significantly improve curb appeal and asset valuation
Value-add strategy geared toward achieving higher rents and improved NOI
Perfect for 1031 exchange buyers, private equity groups, or multifamily portfolio diversifiers
Financials
Available upon request:
Detailed rent roll
Operating income and expense statements
Pro forma cap rate with exterior value-add projections
?? Contact William Gay at 870-926-2648 to request full investment package (including financials, site plan, leasing status, and specialty lender referrals).
