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404 W Matthews Avenue, Brookland, AR 72417

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For Sale

$5,990,000

1,840 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $3,255.43
    Price per square foot

Explore this Property

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.
MLS# 10119516

Courtesy Of COLDWELL BANK VILLAGE COMMUNITIES

(870) 935-7800

Property Features

  • Amenities
    Dock, Patio, Ceiling Fan
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Central Furnace
  • Lot Size
    4.49 Acres

Home seller CENTURY 21 PORTFOLIO

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

Mortgage Calculator

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Monthly Payment Breakdown

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