108 Unit Apartment Complex in Texarkana, TX
***OFF MARKET***
Now you can own 108 income-producing units through one property purchase!
• Great investment property in Great investment property in Texarkana, TX which is the home for Red River Army Depot (Military Base) which is the top employer – 20 min drive
•Texarkana is the home for Texas A&M University – 13 min drive property
•Texarkana College – Right across the property
•12 min drive from Texarkana Regional Airport
•Texarkana is one of the hot Real Estate markets in TX
•Stable occupancy with opportunity for rent increases and further value creation
•Rental Increase Upside
•Minutes away from Mall, Restaurants, Walmart, and Shopping Centers
•Just near to I-369 and Hwy 82 allowing tenants easy access to employment, shopping and entertainment
•Built in 1964
•Cap Rate 9%
•Occupancy 90%
•$298,690 NOI
•New Roofs
•Additional Income with Onsite Laundry
•Property has beautiful curb appeal with trees and well-maintained lawns
•Top Employers: Red River Army Depot, CSM Healthcare, Cooper Tire & Rubber Company, Domtar, Walmart, International Paper, Southern Refrigerated Transport, Texarkana & Arkansas Independent School District
•Excellent Professional Property Management Company available
•No Seller Financing
•Purchase Price $3,100,000 plus Assignment Fee