Presenting The Wager Place Apartment Complex, an exceptional investment opportunity located at 404 W Matthews Street in Brookland, AR. This newly constructed luxury apartment complex is perfectly positioned to offer a high-return, low-maintenance investment in one of Northeast Arkansas's fastest-growing areas. Comprised of thirty 2-bedroom, 2-bathroom units across 15 beautifully designed duplex buildings, this property spans over 4.5+/- acres. Each unit showcases premium features, including elegant all-brick exteriors and durable 30-year architectural shingles. Inside, residents will enjoy the comfort and convenience of waterproof flooring, all-electric appliances, and a washer, dryer, and refrigerator included in every unit. These thoughtful design choices provide a luxurious and hassle-free living experience, ensuring strong tenant appeal. Strategically located, The Wager Place offers unparalleled accessibility. Situated less than 5 minutes from the northeastern entrance of Jonesboro and under 10 minutes from the southern entrance of Paragould, this property connects residents to two key economic hubs in the region. Jonesboro serves as a vibrant economic center and is home to Arkansas State University (ASU), St. Bernard's Healthcare, and NEA Baptist Health System. Its diverse economy thrives on healthcare, education, manufacturing, and retail industries. Significant developments, including expansions at ASU, Downtown Jonesboro, and Greensborough Village, further highlight the city's growth and economic vitality. To the north, Paragould offers its own economic strengths, with top employers such as E.C. Barton & Company and Greene County Tech School District contributing to its stability. Its strategic location along major transportation routes and proximity to Jonesboro enhances its role as a key player in the region's economy. For investors seeking a prime, low-maintenance asset in a dynamic and growing area, The Wager Place Apartment Complex offers a unique opportunity to capitalize on Brookland's increasing demand for quality housing and its proximity to thriving economic centers.
For sale
$5,990,000
404 W Matthews Ave, Brookland, AR 72417
--beds
0baths
1,840sqft
Est.:
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
$3,255/sqft
$-- HOA
What's special
- 140 days
- on Zillow |
- 49 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: January 27, 2025 at 03:31am
Listed by:
Kevin Kercheval 870-926-3225,
Coldwell Banker/Village Comm 870-935-7800,
Carroll Caldwell 870-931-8233,
Coldwell Banker/Village Comm
Source: Northeast Arkansas BOR,MLS#: 10119516
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Central, 2 Bedroom Unit(Electric Heat)
Cooling
- Central Air, 2 Bedroom Unit(Central Air)
Appliances
- Included: Dryer, Washer, 2 Bedroom Unit(Dishwasher, Refrigerator)
Features
- Breakfast Bar, Ceiling Fan(s)
- Flooring: Other
Interior area
- Total structure area: 1,840
- Total interior livable area: 1,840 sqft
Property
Parking
- Total spaces: 60
- Parking features: 2 Spaces/Unit, 1 Bedroom Unit(2 Car Parking), 2 Bedroom Unit(2 Car Parking)
Features
- Levels: One
- Patio & porch: Patio, 2 Bedroom Unit(Patio)
Lot
- Size: 4.49 Acres
- Features: Level
Details
- Parcel number: 1115529225000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 1 Story
- Property subtype: Apartment
Materials
- Brick
- Roof: Shingle
Condition
- Year built: 0
Utilities & green energy
- Electric: Craighead Electric
- Sewer: City Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Brookland
Financial & listing details
- Price per square foot: $3,255/sqft
- Tax assessed value: $5,637,100
- Annual tax amount: $54,957
- Date on market: 1/24/2025
- Total actual rent: 0
- Tenant pays: 2 Bedroom Unit(Tenant Pays Electric)
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