Oak Creek

901 E Lion Dr, New Boston, TX 75570

  • For Sale $900,000
  • Property Type Multi-Family
  • Property Size 15,000 SF
  • Units 20
  • Lot Size 0.28 Acre
  • Additional Rent Contact for pricing
  • Year Built 1940
  • Date Updated Nov 4, 2024
New Boston, an East Texas city just 20 miles west of Texarkana along Interstate-30, offers direct commutes to major cities like Dallas (~150 miles) and Texarkana (~19 miles). It borders the West Campus of the TexAmericas Center Industrial Park. TexAmericas' tenants saw an 81% job increase in 2023. Top New Boston employers include Red River Army Depot, Cooper Tire & Rubber, and CHRISTUS St. Michael Health System. The Oak Creek Apartments in New Boston are conveniently located just minutes from the local high school and grocery stores.The Go-Getters Multifamily Team is pleased to announce the exclusive listing of the Oak Creek Apartments in New Boston, TX. Each of the 20 units are 750 square feet and 2-beds/1-bath. The average of the current collected rents are ~$510/unit while rental comparables for 2-bed units in New Boston range from $750/month to $925/month. This asset is the ideal investment opportunity for the value-add buyer looking to make cosmetic upgrades and capitalize on up to $240+ rental increases.

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Highlights

  • - $240+ below market rent comps
  • - Interstate-30 access to Texarkana MSA

Contacts

broker

Greg Brownd

The Go-Getters Multifamily with KW Commercial

Location

Getting Around

  • Walk Score ®

    38/100 Car-Dependent

  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City New Boston, TX
  • Zip Code 75570

Points of Interest

  • Brookshire's Gas

    0.48 miles

  • Shell

    1.13 miles

  • Murphy USA

    1.20 miles

  • Valero

    1.34 miles

  • Exxon

    1.35 miles

  • Road Ranger

    1.43 miles

  • VP

    3.65 miles

  • Texaco

    7.07 miles

  • Bostonian Inn

    1.05 miles

  • Holiday Inn Express & Suites New Boston

    1.10 miles

  • Quality Inn & Suites

    1.11 miles

  • Tex Inn

    1.38 miles

  • Catfish King

    0.51 miles

  • Sonic

    0.54 miles

  • Church's Chicken

    0.58 miles

  • McDonald's

    1.07 miles

  • KFC / Taco Bell

    1.08 miles

  • DQ Grill & Chill

    1.11 miles

  • Pizza Hut

    1.12 miles

  • Wendy's Restaurant # 00013048

    1.41 miles

  • Wendy's

    1.42 miles

  • Downtowner

    7.04 miles

  • New Boston High School

    0.50 miles

  • Oakview Primary School

    0.79 miles

  • Crestview Elementary School

    0.91 miles

  • New Boston Middle School

    2.54 miles

  • Texarkana College

    4.31 miles

  • Arkadelphia School

    5.80 miles

  • Hooks High School

    7.30 miles

  • Hooks Elementary School

    8.75 miles

  • Bowie High School

    9.26 miles

  • Liberty Hill School

    9.50 miles

Frequently Asked Questions

How much does Oak Creek cost?

The space currently listed for sale at Oak Creek asks for $900,000.

What is the total square footage of Oak Creek?

Oak Creek totals 15,000 square feet.

When was this property built?

Oak Creek was built in 1940.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Greg Brownd

The Go-Getters Multifamily with KW Commercial