3101 Olivia Court
Property Description
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.
Broker Details
COLDWELL BANK VILLAGE COMMUNITIES (870) 935-7800
MLS ID: kwkerch State License Number: 00056142
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,400,000 |
| No. of Units: | 12 |
| Lot Size: | 14,616.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $200,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 30 |
| Number of Bathrooms: | 0 |
ID: 3yd-JBRAR-10130460
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