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For sale
  • $5,990,000

    404 W Matthews Ave, Brookland, AR 72417

    --beds
    0baths
    1,840sqft
    : 
    Apartment
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $3,255/sqft
    $-- HOA

    What's special

    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.
    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

    We’ll find a local expert to take you on a private tour of 404 W Matthews Ave.

    Next available tour time:Tomorrow at 11am

    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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