404 W Matthews St - Apartments FOR SALE


Brookland, AR 72417
$5,990,000 USD
870-972-9191
404 W Matthews St, Brookland, AR for Sale
$5,990,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

404 W Matthews St
Brookland, AR 72417


HIGHLIGHTS

  • Newly built apartment complex.
  • Offers direct access to Highway 49.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,990,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

30

PRICE/UNIT

$199,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wagner Place

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

1

LAND DETAILS

LAND ACRES

4.49 AC

LAND SF

195,584 SF

ZONING

R-3

APN/PARCEL ID

11-155292-25000

ASK ABOUT THIS PROPERTY

Jon MooreHalsey Real EstateMore Info
870-972-9191

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Jon MooreHalsey Real EstateMore Info
870-972-9191

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