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Wagner Place 404 W Matthews St 30 Unit Apartment Building $8,357,248 CAD ($278,575 CAD/Unit) Brookland, AR 72417
INVESTMENT HIGHLIGHTS
- Newly built apartment complex.
- Offers direct access to Highway 49.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $8,357,248 CAD | Building Class | C |
| Price Per Unit | $278,575 CAD | Lot Size | 4.49 AC |
| Sale Type | Investment | Building Size | 30,000 SF |
| No. Units | 30 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.01/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R-3 | ||
| Price | $8,357,248 CAD |
| Price Per Unit | $278,575 CAD |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 4.49 AC |
| Building Size | 30,000 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 0.01/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 30 | - | 1,256 |
PROPERTY TAXES
| Parcel Number | 11-155292-25000 | Improvements Assessment | $1,543,533 CAD |
| Land Assessment | $31,360 CAD | Total Assessment | $1,574,893 CAD |
PROPERTY TAXES
Parcel Number
11-155292-25000
Land Assessment
$31,360 CAD
Improvements Assessment
$1,543,533 CAD
Total Assessment
$1,574,893 CAD
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Wagner Place | 404 W Matthews St
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