3101, 3017, and 3021 Olivia Ct - Apartments FOR SALE


Jonesboro, AR 72404
$2,400,000 USD
870-935-7800
3101, 3017, and 3021 Olivia Ct, Jonesboro, AR for Sale
$2,400,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

3101, 3017, and 3021 Olivia Ct
Jonesboro, AR 72404


OVERVIEW

Rare opportunity to acquire an entire newly constructed luxury condominium development in Jonesboro, Arkansas. Brendar Village consists of 12 completed and vacant condominium units located in three professionally constructed quadplex buildings, offering an immediate lease-up opportunity for investors seeking a turnkey multifamily asset. The development features six 3-bedroom, 2-bath units and six 2-bedroom, 2-bath units. The 3-bedroom units offer approximately 1,220 square feet of living space, while the 2-bedroom units offer approximately 1,216 square feet. Each residence includes a covered two-car carport and has been thoughtfully designed with today's tenants and future owners in mind. Interior amenities include luxury vinyl plank flooring, vaulted ceilings, granite countertops, spacious open-concept living areas, tile showers in the primary suites, quality cabinetry, and modern finishes throughout. All units are brand new, never occupied, and ready for immediate leasing. This property presents a unique investment strategy due to its condominium ownership structure. An investor may operate the development as a multifamily rental asset while maintaining the flexibility to individually sell condominium units in the future. This provides multiple potential exit strategies, including long-term hold, phased unit sales, or complete condominium sellout. Condominium association dues cover the blanket exterior insurance policy and common area maintenance, simplifying ownership and reducing management responsibilities. With all units vacant and available for immediate occupancy, investors have the opportunity to establish rental rates, tenant standards, and management practices from day one. Whether you're seeking a multifamily investment, income-producing rental property, condominium portfolio, or value-add opportunity through future unit sales, Brendar Village offers flexibility, quality construction, and long-term investment potential in one of Northeast Arkansas's most active housing markets.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

12

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,286 SF

ZONING

-

APN/PARCEL ID

01-134041-13700,01-134041-13800,01-134041-13900,01-134041-14000,01-134041-14100,01-134041-14200,01-134041-14300,01-134041-14400,01-134041-14500,01-134041-14600,01-134041-14700,01-134041-14800

ASK ABOUT THIS PROPERTY

Kevin KerchevalColdwell Banker Commercial VCMore Info
870-935-7800

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Kevin KerchevalColdwell Banker Commercial VCMore Info
870-935-7800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.