Clk Properties Purchases Multifamily Asset In Jonesboro Arkansas For $13.57M With Hannah Howard As The Broker
Willow Creek Lane
$11,300
$4/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Apr 29, 2025
AI
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.
Jonesboro MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1403.81%
Cash-on-Cash
-401.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93