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Savannah House 622 W Oak Ave 5 Unit Apartment Building $249,900 ($49,980/Unit) 8.50% Cap Rate Jonesboro, AR 72401
Executive Summary
Known locally as The Savannah House, this charming property is located in the Historic West End Neighborhood just off Flint Street. Rich in character and history, the home has been thoughtfully converted into a five-unit apartment building and has been well maintained over the years. Offering a unique blend of historic appeal and income-producing potential, this property presents an excellent opportunity for investors seeking a distinctive addition to their portfolio.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$37,440
|
$13.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,440
|
$13.06
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $37,440 |
| Annual Per SF | $13.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $37,440 |
| Annual Per SF | $13.06 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $630.00 | - |
| 1+1 | 1 | $535.00 | - |
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01-144192-41500 | Improvements Assessment | $41,082 |
| Land Assessment | $3,000 | Total Assessment | $44,082 |
Property Taxes
Parcel Number
01-144192-41500
Land Assessment
$3,000
Improvements Assessment
$41,082
Total Assessment
$44,082
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Contact the Sale Advisor
Savannah House | 622 W Oak Ave