- For Sale Contact for pricing
- Property Type Other
- Property Size 204,732 SF
- Units 65
- Additional Rent Contact for pricing
- Year Built 1970
- Date Updated Nov 4, 2024
“Texarkana-65” is a well-maintained, ideally located, multifamily property situated in the historic Glendale neighborhood, in Texarkana, Arkansas. The fully contiguous property consisting of 15 buildings is located at the highly-trafficked intersection of County Avenue and 24th Street on the Arkansas side of the MSA, only four blocks from the Texas state line. The property sits on +/- 4.7 acres and is about five minutes from burgeoning downtown Texarkana. Comprised of 65 units in total, the property has a desirable unit mix consisting of 40 two-bedroom units and 25 one-bedroom/one-bathroom units. With an idyllic park-like setting comprised of mature oak trees and beautifully restored homes, the property is primed for new ownership to perform a mid-level value-add repositioning (flooring, countertops, & appliances) and increase the below-market rents to competitive levels within the comp set.
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Attachments
Highlights
- Well-maintained, primarily brick property with new roofs and desirable unit-mix.
- Property has maintained a 97%+ average occupancy for the last three years due to below market rents.
- Located in the desirable Glendale Historic District of Texarkana where remodeled homes regularly sell for over $300,000.
- New buyer has the ability to increase rents $150+ with minimal Cap-Ex, along with significant operational upside through implementing RUBs other incomes.
- City Leaders throughout the area believe lithium extraction facilities near Texarkana could bring over 6,000 jobs to the area just in the next five years.
- ExxonMobil is planning to build one of the world's largest lithium processing facilities in the area.
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Contacts
Location
Getting Around
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Walk Score ®
39/100
Car-Dependent
-
Bike Score ®
40/100
Somewhat Bikeable
- City Texarkana, AR
- Zip Code 71854
Points of Interest
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Texarkana
1.78 miles
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Shell
0.91 miles
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Murphy USA
1.04 miles
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Raceway
1.32 miles
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Valero
2.37 miles
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Road Runner
2.84 miles
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Flying J
6.97 miles
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Executive Inn
0.89 miles
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Scottish Inns & Suites
1.20 miles
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Shamrock Motel
1.26 miles
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Americas Best Value Inn & Suites Texarkana
1.36 miles
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Ambassador Inn
1.63 miles
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Country Host Inn
1.66 miles
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Super 8
1.78 miles
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Ramada
1.83 miles
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Holiday Inn Express & Suites
1.86 miles
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Baymont
1.88 miles
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Reggie's Burgers
0.59 miles
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Domino's
0.78 miles
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Lee's Chinese
0.90 miles
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Sue N' Carol's Kitchen
0.93 miles
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China Inn
0.94 miles
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Schlotzsky's
1.05 miles
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Cattleman's Steak House
1.23 miles
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Sonic
1.24 miles
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Chicken Express
1.30 miles
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Lod Ruvalcaba Mexican Restaurant
1.41 miles
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Fairview Elementary School
0.51 miles
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Vera Kilpatrick Elementary School
0.80 miles
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North Heights School
0.91 miles
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Daniels School
0.94 miles
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Arkansas High School
0.97 miles
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North Heights Junior High School
1.25 miles
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Saint Edwards School
1.31 miles
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Booker T Washington High School
1.54 miles
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Edward D Trice Elementary School
1.72 miles
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Carver School
1.74 miles
Frequently Asked Questions
How much does Texarkana 65 cost?
The sale price for Texarkana 65 is available upon request. Contact the listing broker for more information.
What is the total square footage of Texarkana 65?
Texarkana 65 totals 5 square feet.
When was this property built?
Texarkana 65 was built in 1970.
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