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Texarkana,AR 71854
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 49,145 sqft
Price per Sqft $66
Subdivision Mcarthur
MLS Listing ID 24035356
Style Traditional
Year Built 1980
Annual Tax Amount $25,000
Lot Size 2.000 Acres
Acres 2.0
Property Description
“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.
Location
State AR
County Miller
Area Texarkana
Zoning Multifamil
Rooms
Kitchen Electric Range,Dishwasher,Disposal,Pantry,Refrigerator-Stays,Freezer
Interior
Heating Central Cool-Electric,Window Units,Central Heat-Electric
Flooring Ceramic,Partial Carpet,Tile,Vinyl,Wood
Equipment Electric Range,Dishwasher,Disposal,Pantry,Refrigerator-Stays,Freezer
Exterior
Garage None
Utilities Available Sewer-Public,Water-Public,Electric-Municipal
Roof Type Composition
Building
Lot Description Level
Foundation Crawl Space,Slab
New Construction No