Homes for sale - Address not disclosed, Texarkana, AR 71854

Texarkana, AR 71854,Address not disclosed

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Kevin Grooms

kevintgrooms@gmail.com +1(417) 280-6571

$ 3,250,000

Est. payment | -/mo

49,145 SqFt

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$ 3,250,000

Est. payment | -/mo

Save

49,145 SqFt

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

Listed by GREA-Global Real Estate Advisors Branch • Corey F Allen

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(417) 280-6571

kevintgrooms@gmail.com

PO BOX 92, Thayer, Missouri, 65791, USA

Address not disclosed Texarkana, AR 71854

Kevin Grooms

Key Details

Location

Rooms

Interior

Exterior

Building

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Address not disclosed