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404 W Matthews Drive

Brookland, AR 72417
  • $5,990,000
  • STATUS: Active
  • ON SITE: 72 Days
  • MLS #: 10125944
UPDATED: 89 min ago
$5,990,000
  • 0
    BEDS
  • 4.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 27,000
    SQFT
  • $222
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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. The city boasts a diverse economy encompassing healthcare, education, manufacturing, and retail sectors. The completion of the NEA Baptist Memorial Hospital and recent expansion of St. Bernards Medical Center reflects the city's commitment to healthcare infrastructure. Other major developments include ongoing expansions at ASU, Greensborough Village, Downtown Jonesboro, The Promenade at Reedmont, Southern Hills, Craighead Forest Park, Jonesboro Industrial Park, and Craighead Technology Park. Paragould, located north of Brookland, is another vital economic contributor to the region. With companies like E.C. Barton & Company and Greene County Tech School District among its top employers, Paragould sustains a robust industrial and educational base. The city's economy benefits from its strategic location along major transportation routes and its proximity to Jonesboro.

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Northeast Arkansas Board of Realtors (Jonesboro Board of Realtors) logo © 2026 Jonesboro Board of REALTORS® MLS. All rights reserved.
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404 W Matthews Drive Brookland, AR 72417

  • Price: $5,990,000
  • Status: Active
  • On Site: 72 Days
  • Updated: 89 min ago
  • MLS #: 10125944
0
Beds
0
Baths
0
½ Baths
4.49
Acres
27,000
SQFT
$222
$/SQFT
Neighborhood:
N/A
County:
Craighead
Area:
Brookland
Elementary School:
Brookland
Middle School:
Brookland
High School:
Brookland
Property Description
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. The city boasts a diverse economy encompassing healthcare, education, manufacturing, and retail sectors. The completion of the NEA Baptist Memorial Hospital and recent expansion of St. Bernards Medical Center reflects the city's commitment to healthcare infrastructure. Other major developments include ongoing expansions at ASU, Greensborough Village, Downtown Jonesboro, The Promenade at Reedmont, Southern Hills, Craighead Forest Park, Jonesboro Industrial Park, and Craighead Technology Park. Paragould, located north of Brookland, is another vital economic contributor to the region. With companies like E.C. Barton & Company and Greene County Tech School District among its top employers, Paragould sustains a robust industrial and educational base. The city's economy benefits from its strategic location along major transportation routes and its proximity to Jonesboro.
Exterior Features

Exterior Brick Levels One Level Parking Features 2 Spaces/UnitGarage Door Opener Roof Architectural Shingle Style Traditional

Interior Features

1 Bedroom Unit Number Of Baths 0 2 Bedroom Unit Number Of Baths 0 3 Bedroom Unit Kitchen Yes 3 Bedroom Unit Living Room Yes 3 Bedroom Unit Number Of Baths 2 4 Bedroom Unit Number Of Baths 0 Cooling Features Central AirHeat Pump(s) Floors Other/See Remarks Heat Features CentralHeat Pump Interior Features Breakfast BarCeiling Fan(s)Climate Control Laundry Features Dryer ProvidedWasher Provided Number Of1 Bedroom Units 0 Number Of2 Bedroom Units 0 Number Of3 Bedroom Units 30 Number Of4 Bedroom Units 0 Window Treatment Blinds

Property Features

1 Bedroom Unit Actual Rents 0.00 2 Bedroom Unit Actual Rents 0.00 3 Bedroom Unit Actual Rents 1575.00 3 Bedroom Unit Deposit Yes 3 Bedroom Unit Includes 2 Car ParkingApplies to All UnitsCentral AirDishwasherDisposalElectric HeatGaragePatioRangeRefrigeratorStorageTenant Pays Electric 4 Bedroom Unit Actual Rents 0.00 Agent Owned No Auction No Builder Owned Yes Electric Features Craighead Electric Fips Code 31 Flood Zone No Gross Income 567000.00 Insurance Expense 0.00 Landscape Expense 0.00 Lease Type Net Lot Description Landscaped Maintenance Expenses 0.00 Management Expenses 0.00 Net Income 471487.00 Occupant Type Tenant Possession At Closing Property Subtype1 Duplex Reo Property No Sewer Septic City Sewer Tax Year 0 Taxes 0.00 Terms CashTrade Transaction Type Sale Utility Expense 0.00 Water Supply City

Listing information © 2026 Jonesboro Board of REALTORS® MLS.
Listing provided by Halsey Real Estate: 870-972-9191.

Northeast Arkansas Board of Realtors (Jonesboro Board of Realtors) logo © 2026 Jonesboro Board of REALTORS® MLS. All rights reserved.
 
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Halsey Real Estate
301 W Washington
Jonesboro AR, 72401