Investor opportunity in Jonesboro with a high cash flow rental package and future upside potential. This package includes 400 E Allen Avenue vacant lot, 402 E Allen Avenue rented at $500/month, 404 E Allen Avenue rented at $1,000/month, and 404 1/2 E Allen Avenue rented at $600/month, for a total current rent of $2,100/month. Tenants pay utilities, helping keep operating expenses lean. All parcels are zoned R-3, creating potential value-add opportunities through property upgrades, rent growth, improved management, or possible multifamily development, subject to city approval and buyer verification. Flood Zone X designation adds another positive layer for investor review. Whether you are looking for immediate income, long-term hold potential, or a redevelopment play, this package offers multiple paths to increase value over time.
Listed By
Agency Name: Coldwell Banker Village Communities
Agency Phone: 870-935-7800
Shown By
Agent Name: Devyn Rhodes
Agent Phone: (501) 944-7641
Agency Title: Crye-Leike Real Estate Services
Estimated Payment
$ 377.33 per month $333.61 Principal & Interest $0.00 Property Tax (data not provided by mls) $43.72 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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4 Properties Allen Avenue | MLS# 26028169
This single family home located at 4 Properties Allen Avenue, Jonesboro, AR 72401 is currently listed for sale with an asking price of $149,900. This property with 101 sq. ft. Properties Allen Avenue is located in the Meyers subdivision. Search Meyers real estate on devyn.crye-leike.com today.