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Listed by Jon M. Moore • Halsey Real Estate
$5,799,000
Est. payment /mo
27,000 SqFt
Active
W Matthews Drive Brookland, AR 72417
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 27,000 sqft
Price per Sqft $214
MLS Listing ID 10125944
Style Traditional
Lot Size 4.490 Acres
Acres 4.49
Property Sub-Type Duplex
Property Description
The Wager Place Apartment Complex located at 404 W Matthews Street presents a lucrative investment opportunity as a strategically located apartment complex in Brookland, AR. These one year old luxury duplexes in Brookland, AR offer an array of amenities and features that make them truly luxurious. From the elegant all-brick exteriors to the high-quality 30-year architectural shingles, every detail has been carefully considered. Inside, residents will enjoy the waterproof flooring, all-electric appliances, and the convenience of a washer, dryer, and refrigerator already provided. Perfect for investors seeking a low-maintenance investment. Situated less than 5 minutes from the northeast entrance to Jonesboro and less than 10 minutes from the southern entrance of Paragould, the property enjoys prime accessibility to two major economic hubs in Arkansas. The complex is situated atop 4.5+/- acres of land and is made up of thirty 2bed/2bath units split between 15 buildings. Jonesboro is home to Arkansas State University (ASU), and it stands as a thriving economic center. Its top employers include St. Bernards Healthcare, ASU,and NEA Baptist Health System. The city boasts a diverse economy encompassing healthcare, education, manufacturing, and retail sectors. The completion of the NEA Baptist Memorial Hospital and recent expansion of St. Bernards Medical Center reflects the city's commitment to healthcare infrastructure. Other major developments include ongoing expansions at ASU, Greensborough Village, Downtown Jonesboro, The Promenade at Reedmont, Southern Hills, Craighead Forest Park, Jonesboro Industrial Park, and Craighead Technology Park. Paragould, located north of Brookland, is another vital economic contributor to the region. With companies like E.C. Barton & Company and Greene County Tech School District among its top employers, Paragould sustains a robust industrial and educational base. The city's economy benefits from its strategic location along major transportation routes and its proximity to Jonesboro.
Location
State AR
County Craighead
Area Brookland
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), Climate Control
Heating Central, Heat Pump
Cooling Central Air, Heat Pump(s)
Flooring Other/See Remarks
Exterior
Roof Type Architectural Shingle
Building
Sewer City Sewer
Schools
Elementary Schools Brookland
High Schools Brookland
Others
Tax ID 11-155292-25000
NEARBY SCHOOL & BUSINESS
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