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Listed by Kevin Kercheval • Coldwell Banker Village Communities Inc
$5,990,000
Est. payment /mo
1,840 SqFt
Active
W Matthews Avenue W Brookland, AR 72417
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Key Details
Property Type Condo
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 1,840 sqft
Price per Sqft $3,255
MLS Listing ID 10119516
Style 1 Story
Annual Tax Amount $54,957
Tax Year 2024
Lot Size 4.490 Acres
Acres 4.49
Property Sub-Type Apartments
Property Description
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.
Location
State AR
County Craighead
Area Brookland
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), Smoke Alarm(s)
Heating Central
Cooling Central Air
Flooring Other/See Remarks
Exterior
Exterior Feature Patio
Roof Type Architectural Shingle
Building
Sewer City Sewer
Schools
Elementary Schools Brookland
High Schools Brookland
Others
Tax ID 11-155292-25000