4 Properties Allen Ave, Other, AR 72401

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. 404 1/2 Allen Avenue (2 bedrooms, 1 bath, 816 square feet). 404 E Allen Avenue (4 bedrooms, 1 bath, 1189 square feet). 402 E Allen Avenue (3 bedrooms, 2 baths, 912 square feet).