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Clk Properties Purchases Multifamily Asset In Jonesboro Arkansas For $13.57M With Hannah Howard As The Broker

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SOLD
$11,300

Arkansas

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MultiFamily2,500 SF
Sold 04/30/2025
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SOLD

Clk Properties Purchases Multifamily Asset In Jonesboro Arkansas For $13.57M With Hannah Howard As The Broker

Willow Creek Lane

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MultiFamily2,500 SF
Sold 04/30/2025
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Summary

ARKANSAS
Asset Type:MultiFamily
Price Per Square Foot:$4
Total Square Footage:2,500 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 2619 Glenn Place in Jonesboro, Arkansas. The sale was completed at a transaction amount of $13,566,000, which corresponds to 130 units and a price per unit of $104,354. The building encompasses a total square footage of 2,500, equating to a price per square foot of $5,426.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $13,566,000
  • Units: 130
  • Price Per Unit: $104,354
  • Square Footage: 2,500
  • Price Per Square Foot: $5,426
  • Buyer: Clk Properties
  • Broker: Hannah Howard - Hannah Howard Advisory
  • Date of Transaction: 4/30/2025

This transaction involved Clk Properties as the buyer, represented by broker Hannah Howard from Hannah Howard Advisory, who facilitated the sale process for this multifamily asset in the Jonesboro market.

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16 deals$490M volume
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Details

SOLD
IMAGE: Hannah Howard DATE: 4/30/2025 ADDRESS: 2619 Glenn Place MARKET: Jonesboro, Arkansas ASSET TYPE: Multifamily BUYER: Clk Properties BROKER: Hannah Howard (@Broker_Hannah_Howard) - Hannah Howard Advisory SALE PRICE: $13,566,000 UNITS: 130 ~ PPU: $104,354 SF: 2,500 ~ PPSF: $5,426

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$602.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$53.57
Annual Debt Service$642.81