404 W Matthews Avenue Brookland, AR 72417
Listing Courtesy of: NORTHEAST ARKANSAS / Coldwell Banker Village Communities / Kevin Kercheval / Carroll Caldwell

  404 W Matthews Avenue Brookland, AR 72417

Active (49 Days)
$5,990,000
60
BED
2
BATH
1,840
SQFT

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.

MLS #:
10119516
Taxes
$54,957(2024)
Lot Size
4.49 acres
Type
Multifamily
Style
1 Story
County
Craighead County

Listed By

Kevin Kercheval, Coldwell Banker Village Communities
Carroll Caldwell, Coldwell Banker Village Communities
Source
NORTHEAST ARKANSAS
Last checked Mar 14 2025 at 6:35 PM GMT+0000
Bathroom Details
Interior Features
  • Appliances : Ceiling Fan(s)
  • Appliances : Smoke Alarm(s)
  • Appliances : Breakfast Bar
Lot Information
  • Level
Heating and Cooling
  • Central
  • Central Air
Flooring
  • Other/See Remarks
Exterior Features
  • Brick
  • Roof: Architectural Shingle
Utility Information
  • Utilities: City Craighead Electric
  • Sewer: City Sewer
School Information
  • Elementary School: Brookland
  • Middle School: Brookland
  • High School: Brookland
Parking
  • 2 Spaces/Unit
Stories
  • 1
Living Area
  • 1,840 sqft
Location
   
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Disclaimer: Copyright 2025 Northeast Arkansas Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 3/14/25 11:35