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The Wesley Lofts 222 Union St 11 Unit Apartment Building $2,650,000 ($240,909/Unit) 7.40% Cap Rate Jonesboro, AR 72401

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INVESTMENT HIGHLIGHTS

Gated downtown living. First class living in Downtown Jonesboro. Nice, safe, quiet and one block from Main Street.

EXECUTIVE SUMMARY

Check out this incredible investment opportunity with Downtown Jonesboro's premiere luxury lofts! Includes nine spacious 2-bedroom, 2-bath units, plus two large 1-bedroom, 1-bath units. Currently two lofts, fully furnished are Airbnb's or Corporate Rentals. Each unit features floor-to-ceiling windows, exposed brick, tall ceilings, and an open, modern layout. Private entrances add a nice touch of privacy and safety for tenants. Inside, the units come fully equipped with all appliances, including high-end GE washers and dryers, dishwashers, microwaves, custom cabinetry, and stylish IKEA lighting. Tenants also enjoy expanded cable and internet. Convenient gated parking with 8 spots, plus plenty of street parking right out front. Two private decks with a fire pit give residents a cool spot to hang out and relax. Located just one block from the Downtown Entertainment District and super close to ASU and medical centers, it's hard to beat this location. Low maintenance costs just make it even sweeter. Schedule a tour of this great multi-family opportunity today!

222 Union Income and Details

222 Union Listing

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$205,800	$25.73
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$205,800	$25.73
Taxes	$5,670	$0.71
Operating Expenses	$26,756	$3.34
Total Expenses	$32,426	$4.05
Net Operating Income	$173,374	$21.67

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$205,800
Annual Per SF	$25.73

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$205,800
Annual Per SF	$25.73

Taxes
Annual	$5,670
Annual Per SF	$0.71

Operating Expenses
Annual	$26,756
Annual Per SF	$3.34

Total Expenses
Annual	$32,426
Annual Per SF	$4.05

Net Operating Income
Annual	$173,374
Annual Per SF	$21.67

PROPERTY FACTS

Price	$2,650,000	Building Class	C
Price Per Unit	$240,909	Lot Size	0.16 AC
Sale Type	Investment	Building Size	8,000 SF
Cap Rate	7.40%	Average Occupancy	90%
No. Units	11	No. Stories	2
Property Type	Multifamily	Year Built	2015
Property Subtype	Apartment	Parking Ratio	1/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,650,000
Price Per Unit	$240,909
Sale Type	Investment
Cap Rate	7.40%
No. Units	11
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.16 AC
Building Size	8,000 SF
Average Occupancy	90%
No. Stories	2
Year Built	2015
Parking Ratio	1/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

UNIT AMENITIES

Air Conditioning
Dishwasher
Disposal

Washer/Dryer
Heating
Ceiling Fans

Kitchen
Refrigerator
Range

Tub/Shower
Loft Layout

SITE AMENITIES

Fenced Lot

Gated

Grill

Roof Terrace

1 1

PROPERTY TAXES

Parcel Number	01-144183-50100	Total Assessment	$131,267 (2025)
Land Assessment	$9,900 (2025)	Annual Taxes	$5,670 ($0.71/SF)
Improvements Assessment	$121,367 (2025)	Tax Year	2024